VNINDEX Analysis

The content provided is for educational purposes only.

註釋

That small doji indicates indecision. What does this tell us? The strength of the mini downtrend is weak.

註釋

We need to take into consideration another important factor. Look at the trendline drawn on the RSI and its readings. Price is respecting that trendline and the troughs making higher highs. Its a good indication that buyers > sellers in the market.

註釋

955.36 is a key area. This zone had strong selling. If price breaks that zone with ease and beyond the upper channel then its a good area to consider a buy. Remember this is my opinion, I'm not advising anyone to do anything.

註釋

If we apply candlestick theory this can help us analyse what's happening in the market Between the 21 of May and 6 of June we saw a nice smooth downtrend. The trend ended on a hammer pattern. This was a strong sign of a reversal but traders should be in the habit using candlestick pattern with a confirmation rather than using it in isolation. Our confirmation occurred when price gapped up. But I don't consider this a buy order. Instead, this zone reminds you of the potential future area of support. Today's outcome shows price couldn't break through this zone adding bias to the upside.

註釋

Excellent reaction. We can now see four key areas where the market found a bottom.

註釋

This shows a great deal of demand in the market. The gap is a good indication of buyers overtaking sellers.

註釋

Price needs to push through the upper channel line to consider a buy order. Remember this is my opinion, I'm not advising anyone to do anything.

註釋

The Long wick candlestick was an excellent time to place an order. A stop loss should have been placed under the lows of the triple bottom.

註釋

Look at how the Bullish candlestick stop hunted the key area 955.36.

註釋

You might question how to run this trade. I would move the stop loss each time the market makes a proper higher low structure.

註釋

I should have highlighted it but we have double divergence.

註釋

The market is retracing slightly. 966.88 is a key resistance area. Once price breaches this zone we could have a strong fast move to the upside.

註釋

The market is consolidating in the short term. There is no real selling pressure.

註釋

The market came tumbling down but you should still be in this trade if you had your stop loss below those triple bottom zone.

註釋

Sometimes you have to be patient until the market makes a sizable move.

註釋

The good news for bullish trades is the gap we saw on the 28th. Price found support at that zone.

註釋

Furthermore, price action shows we have HH peaks and HL troughs.

註釋

The market is moving up. But there is not much result, henceforth I expect a small correction then the continuation of the trend.

註釋

I have drawn a pitchfork along with a channel trendline. As you can see price is clogged up within this range. I would put this trade on breakeven. Remember your stop loss should have been below the lows of that wedge type pattern.

註釋

If price breaks that trendline then, in my opinion, a trader should close his position.

註釋

I would move the stop loss to 975.59.

註釋

This is because the price is rather static and all this effort (time) has gained no substantial result. You would have still made a profit on this trade.

手動結束交易

交易結束：目標達成

oaa37