VN30F1M - 20/03/2023 Small Long

Timeframes used: 1h and 15m

Reasons to Small Long:
- The price has rebounded slightly from the 1017 price level on the 1-hour timeframe after easily dropping below the lower channel of the purple and orange channels within a day, continuing to maintain the weakening laddering up structure.
- While the 1-hour MACD gives a strong sell signal with the increasing negative histogram, the 15-minute MACD is starting to give a buy signal with the decreasing negative histogram.

Forecast: One of the following two possibilities:
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then consolidate in the range of 1017-1033 before rising above 1033.
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then move sideways in the range of 1017-1033 before dropping back to retest 1000.

Action: Small Long

20/03/2022 - Long Dang