KOSPI Composite index (KOSPI) - Bears is about to take over KOSPI Composite index (KOSPI) is in perfect impulse cycle in 4 hr time frame made from the bottom made in Corona Pandemic. The fifth wave is in ending diagonal structure, which should probably result in sharp decline. So stay bearish with stops above 2240 from current level as 2nd wave of A in ABC zigzag cycle. This is the perfect set up as world market also in choppy zone or bearish territory. The target zone of pattern will be below previous 4th wave of impulse cycle, means around 2000-2050 level. Great set up that every Elliottician love to trade.Shortby EWFcw4
$EM $KOSPI WAVE 3 OF EMERGING MARKETS INCOMING - #KOREAInb4 liquidity crises round 2 and deflation worse than march/aprilShortby MacroWeavUpdated 2
Will KOSPI's historic rebound lead to another down fall?Here are the levels I believe KOSPI will converge to in the near future Level 1 = around 2100 Level 2 = around 1960 Level 3 = around 1860 With the short ban in place until November 2020, it will be difficult to see the index fall below 1860, or even 1960. However, we need to watch out for second wave of COVID-19. Just a reminder that Korea is a nation with the fastest recovery from the COVID-19 pandemic, showing V shaped rebound. With the quarantine protocols for COVID-19 well established, I would definitely enter into long position starting 1960.Longby terrypark20033
These are strong areas for buy if they reach the priceThese are strong areas for buy if they reach the priceLongby SETTOUTI-ahmed-expert8
KOSPI - in the verge of a possible correctionKOSPI finished a five-wave move up that ended minor wave 1. If this is the case prices should follow the trend to the 1,700 level before continuing up. A move below the 1,900 will give more odds for this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.Shortby SkylinePro117
KOSPI (Korean Stock Index) - possible correction, more than 10%KOSPI seems to have finished minor wave 1. The next move should bring prices to the most probable level of 1663, which is 13% below current prices. After this correction the index should continue its trend up. FOLLOW SKYLINEPRO TO GET UPDATES.Shortby SkylinePro4
KOSPI (Korea Index) - minor correction before long-term gainsKospi has finished intermediate wave 2 on March 19 and it is tracing the beginning stages of intermediate wave 3 up. It seems to have finished minor wave 1 up. If this is the case, the most probable stop for the index is at 1662 to 1625 before moving up to higher levels. If prices cross up 1929, this scenario should be void as minute wave 5 could have extensions. FOLLOW SKYLINEPRO TO GET UPDATESShortby SkylinePro3
South Korea (Kospi) Breaking DownI could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important. I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.Shortby GTStockmaster3
KOSPI is in bearish trendThe KOSPI is currently descending after hitting 2250 resistance and is declining towards the 2000 level. MACD is also in a downward direction, and RSI is already showing divergence and falling. The long-term barrier has been breaking below all of its horizons, and the first resistance zone is near the 2000 and 1900 levels. There is a strong possibility that the stock is strong, but the long-term gains and accelerated decline in the indicators suggest that further convergence may be needed for the rise.Shortby Chartleader2
KOSPI/USD Huge Bull Trends within a couple yearsSouth Korea Stock looks undervalued at this momentby MoonTime112
KOSPI - Not far from a decent correction?A count that suggests that either the KOSPI has completed 5 waves up or may have one more leg to go before a decent correction. For me, the longer term direction is still bullish. by tomj24178
KOSPI for 2020 ?www.cnbc.com I get my ideas from time to time from reading news and evaluate the trading opportunity. Here, you can see price action has finally broken out of the bearish trend line. Although it was not able to sustain for long above the support level at 2105.29, nevertheless, it is still above the bearish trend line as 2nd support. Once the price action breaks above and closed above 2105.29, a buy position can be initiated. Trade with care. Longby dchua1969Updated 3