Today was a very strong down session for VNINDEX, losing 46.21 points (~ 4.19%), falling to 1055.45 and unable to hold support at 1084.52, the next support level is around 1029.19.
According to Elliott waves, VNI is on its way to find the bottom of wave C in the next few sessions (possibly in November).
Furthermore, an inverse Head and Shoulders pattern is also forming.
Expect that the bottom of wave C will not break through the Head of this inverted Head and Shoulders pattern and start a new uptrend.
According to Elliott waves, VNI is on its way to find the bottom of wave C in the next few sessions (possibly in November).
Furthermore, an inverse Head and Shoulders pattern is also forming.
Expect that the bottom of wave C will not break through the Head of this inverted Head and Shoulders pattern and start a new uptrend.