I have seen on the forum people say that wom is an important factor to take into account when making a decision about a trade.
On some of the pre race markets I have seen wom at say 70% on the back side, indicating that there is a downward pressure on the price, yet on many occasions despite that 70% pressure the price goes in entirely the opposite direction upwards even though wom continues to indicate downward price pressure (and vice versa when the wom indicates the price will rise)?
Am I misunderstanding what wom is telling me?
Comments and opinions welcome.
Thanks
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