KOSPI 200 inex - It is in 3rd of 5th wave up and expected to go for new high in current cycle up in 30 min time frame. The invalidation level is 404.05 and it is probably hit 450 - 83 zone. Give a thumbs up if you really like the Elliott wave analysis.
Possible traps for both bulls and bears. Money will be in charg.
Apply pine script strategy to chart. My strategy is,... Buy when ma5 cross up BB high line Sell when ma5 cross down BB low line and BB middle line when volatility high.
Do you think KOSPI200 is the bottom?
On the left we can see a solid bear flag with a breakout AND a successful rejection from the former support. However, when we zoom in on the right, we can see there might be something else going on here. We have a small H&S which seems to be failing already with a good bounce up already. If that red zone breaks it could be a first sign. If the red on the left...