Many consecutive days of sharp declines with large volumes, followed by a few days of weak recovery, are characteristic of a Vertical Violation.
A bear market is inevitable in the near future, and the market decline could reach 20% if the Vertical Violation event is confirmed.
SIGNS OF THE GENERAL MARKET PEAK HAVE APPEARED FOR MORE THAN A MONTH BUT MOST TRADERS DO NOT RECOGNIZE IT.
To detect the peak of the stock market, the simplest way is to closely monitor the VN-Index and HNX-Index when they are still in an uptrend.
The nature of the stocks leading the market is mostly in the VN-Index floor, so we will focus on analyzing the price action of the VN-Index to make a judgment about the current general market.
The first signal can be seen on August 16, 2023 when the VN-Index rose nearly 1%, trying to break through the previous peak but quickly failed.
The trading volume on that day was lower than the trading volume on previous days, showing that large cash flow did not really participate to push the market higher.
Finally, the VN-Index opened a gap down on Friday last week, breaking through the 50-day MA with a large volume - confirming that the market entered a downtrend after more than 4 months of rising since the day of Follow Through Day (FTD) appeared.
On the stock market, survivors are always quick and decisive to sell stocks before the general market collapses.
Losing investors are always latecomers, they show indifference or are too busy to monitor their stocks closely.
Always looking for reasons why stocks fall, focusing too much on stories around stocks, lacking discipline and hesitating at times when they need to make a decision to cut losses are characteristics that you can easily find in a losing trader on the market.
PRICE ACTION TODAY - CONTINUING TO DECLINE
A bear market is inevitable in the near future, and the market decline could reach 20% if the Vertical Violation event is confirmed.
SIGNS OF THE GENERAL MARKET PEAK HAVE APPEARED FOR MORE THAN A MONTH BUT MOST TRADERS DO NOT RECOGNIZE IT.
To detect the peak of the stock market, the simplest way is to closely monitor the VN-Index and HNX-Index when they are still in an uptrend.
The nature of the stocks leading the market is mostly in the VN-Index floor, so we will focus on analyzing the price action of the VN-Index to make a judgment about the current general market.
The first signal can be seen on August 16, 2023 when the VN-Index rose nearly 1%, trying to break through the previous peak but quickly failed.
The trading volume on that day was lower than the trading volume on previous days, showing that large cash flow did not really participate to push the market higher.
Finally, the VN-Index opened a gap down on Friday last week, breaking through the 50-day MA with a large volume - confirming that the market entered a downtrend after more than 4 months of rising since the day of Follow Through Day (FTD) appeared.
On the stock market, survivors are always quick and decisive to sell stocks before the general market collapses.
Losing investors are always latecomers, they show indifference or are too busy to monitor their stocks closely.
Always looking for reasons why stocks fall, focusing too much on stories around stocks, lacking discipline and hesitating at times when they need to make a decision to cut losses are characteristics that you can easily find in a losing trader on the market.
PRICE ACTION TODAY - CONTINUING TO DECLINE
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