Symmetrical wedge implies a continuation pattern with upside resolution. But fundamentals are bearish for Korea, including declining global trade, domestic political turmoil, U.S. protectionism, and the global dollar shortage.
Neutral until wedge breakout is confirmed.
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is under the KUMO. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that KOSPI will test the 1954 support.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is into the KUMO. The weekly diagram is turning bearish.
So the first think in mind is that KOSPI is into the KUMO with neutral behavior now. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2084 local top three times now breaking the support line. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is asking support...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2081 local top three times now but it made lower lows. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is ready to breach the...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Korea KOSPI Composite Index (KOSPI) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has made a correction decline and then (last week) it reacted on EMA 50 with the support of 1.618 of fib level. Last week it crossed 1.618 of fib. KOSPI is on a bull...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has breached the 2017 level of the ascending triangle above the support purple line. The new resistance level is the 2099 (2.618 of fib). The monthly and weekly diagrams are both pretty bullish.
So the first think in mind seeing the diagram is that...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined and got itself into the KUMO last week w/gap. The new resistance red line is the upper border now. The monthly diagram is neutral with bullish MACD and the weekly diagram shows neutral signs.
So the first think in mind is that KOSPI has a...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The Kospi index has followed a long trend in something like ascending triangle above the KUMO cloud, but under the Kijun Sen(blue line) resistance last week. The support line tries to get itself above the KUMO but not yet (if it happens it will be clearly bullish). The...
