VNM (HOSE) — Monthly | Elliott Wave OutlookVietnam Dairy Products Corp.HOSE_DLY:VNMTDVPRE2425🔎 **VNM (HOSE) — Monthly | Elliott Wave Outlook — Completion of the corrective cycle, anticipating a new bullish phase** • On the Monthly timeframe, VNM has completed a full **5-wave bullish cycle (green)**, topping at the **149.100** region. • Thereafter, VNM entered a major corrective phase labeled **W–X–Y (teal)**, developing within a long-term descending channel. • The **red wave C** within **teal wave Y** appears to have completed around the **51.400** area, signaling potential exhaustion of the corrective structure. • From this base, VNM is forming the first impulsive advances, suggesting the market may be entering the early stage of a new bullish cycle. • As long as price continues to hold above **51.400**, the medium- to long-term Bullish outlook remains technically valid. 📌 **Preferred scenario (Bullish – long term):** • Monitor for accumulation opportunities in line with the emerging uptrend, prioritizing pullbacks within the next advancing wave. ⛔️ **Invalidation level:** • A decisive break below **51.400** → bullish scenario invalidated → wave structure must be reassessed. 🧭 **Investment philosophy:** *Cycles never repeat exactly, but the rhythm of waves always persists.*