Crash is incoming?Today I found "KOSPI" a bearish signs in the MACD of 3M chart! Think that crash is incoming soon.
KOSPI trade ideas
Kospi has a classic breakaway Gap on the weekly on the downThis is a good indication of continued downward pressure
A breakaway gap occurs when the price of a stock or other asset opens significantly higher or lower than the previous trading session's close, often on high volume. This typically signals a strong shift in market sentiment and the beginning of a new trend. Investors and traders might consider selling during a breakaway gap for several reasons:
Taking Profits: If the breakaway gap occurs after a significant uptrend, it might be an opportune moment to lock in profits. The surge in price could be an indicator that the stock is overbought, and a correction might follow.
KOSPI IS GOOD FOR SELL NOWOn daily time frame, price was reversing on its 61.8 retracement, and confirmed with a solid inverted hammer daily candle several days ago.
SO WHAT ARE YOU WAITING FOR?
I AM HERE, I AM SELLING IN HEAVILY!
Koreans Feeling the Heat KOSPIAfter a complex correction, seeing a rapid change in angle and tone of candlesticks. Trendlines not yet broken, yet indicator wise, change in trend with increasing momentum. Volumes not available on this study, yet I am also willing to make a bet that a vWAP line or one of its derivatives (MIDAS for instance) would show a break.
Stay safe out there.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Kopsi appears to be a rising wedgeLooks like KRX:KOSPI could be a rising wedge, that is near completion
KOSPI Composite Index - Symmetrical TriangleIndex: KOSPI Composite Index
Exchange: Korea Exchange (KRX)
Region: South Korea
Introduction:
Welcome to today's technical analysis. We'll focus on the weekly chart of the KOSPI Composite Index, highlighting a bullish reversal signaled by a symmetrical triangle pattern breakout.
Symmetrical Triangle Pattern:
The symmetrical triangle pattern is a neutral pattern that can signal either a bullish or bearish breakout, depending on which direction the price escapes. This pattern usually appears during a trend's consolidation period and is characterized by two converging trendlines.
Analysis:
The KOSPI Composite Index was undeniably in a downtrend, represented by a blue diagonal resistance line. However, this has changed as the index has entered a phase of consolidation, forming a symmetrical triangle over the last 294 days. The breakout from this pattern and the index's current position above the 200 EMA suggest a bullish market environment.
The price target, following a successful breakout, is projected at 2895.50 KRW, potentially signifying a price increase of approximately 16.5%.
Conclusion:
The weekly chart of the KOSPI Composite Index presents a bullish scenario, with a symmetrical triangle pattern breakout. This signals a potential reversal from the previous downtrend, suggesting a favorable environment for long positions in stocks within this index.
As always, this analysis does not constitute financial advice, and it's essential to conduct your own research and consider risk management strategies when investing.
If you found this analysis valuable, please like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
KOSPI looks overboughtAccording the the RSI it looks like it is overbought, I am expecting a scam wick to 1900
KOSPI upI'm looking at a bounce-off of the grey box to reach my blue box target - an equal leg move.
Korean stocks are undervalued at this pointIt seems good to sell dollar assets and buy Korean blue-chip stocks now
Pure Educational work,not an investment strategy.Disclaimer: My work is based on purely education and learning . I do not partake in any kind of investment strategies or ideas nor am i sebi registered to give any kind of market investment advice. Kindly consult your sebi registered research analyst before you make any financial decisions.
KOSPI INDEXThe level of the strong US Dollar/KRW has risen to the initial CORONA QUARANTINED phase.
It seems difficult for US to continue its strong dollar.
The KOSPI index is expected to reach an upward target of 3,500.
Global Markets Overview, Section 2Global Markets Overview, Section 2 - Switzerland, Spain, Hong Kong, Australia, India, Tokyo, Taiwan, South Korea.
Global Markets Overview, Section 2Global Markets Overview, Section 2 - Switzerland, Spain, Hong Kong, Australia, India, Tokyo, Taiwan, South Korea
Global Markets Overview, Section 2Global Markets Overview, Section 2 - Switzerland, Spain, Hong Kong, Australia, India, Tokyo, Taiwan, South Korea
Global Markets Overview, Section 2Global Markets Overview, Section 2 - Switzerland, Spain, Hong Kong, Australia, India, Tokyo, Taiwan, South Korea
Kospi | Return profile following 14-day RSI below 20Since 1981, when the Kospi Composite Index printed a 14-day RSI below 20, returns over the following 14-days had a positive expectancy. 14-day average return 3.02%, win rate 13 from 15, standard deviation 3.64%.
Disclaimer: This data is not financial advice. Data is for informational purposes only & should not be used to make any investment decisions. No representation or warranty is given as to the accuracy or completeness of this information. Past performance is not a guide to future performance & may not be repeated.
Bullish on Korean Equity. KOSPI to retest ATHKospi seems to be attempting to retest the previous ATH. Korea seems to be getting over the worst of its covid waves which could be incredibly bullish for the country as a whole. Looking to see what the Kospi does on a retest of previous ATH.
KOSPI retest on Long-term ChannelKOSPI is retesting a very long-term channel it's been trading within since 1994. If it confirms the breakout out of this channel, it could be extremely bullish on the ETF that has underperformed the SP500 this year.
$KOSPI Ascending wedge > Bear flag Kospi a canary in global equity market.
Ascending wedge break
Below 233 EMA
Below Ichimoku Cloud
Countertrend rally bear flag.
The next move should be impluse
SOUTH KOREAN KOSPI INDEX - Barely holding above waterSOUTH KOREAN KOSPI INDEX - Barely holding above water
Once red line breaks, potentially, a completed '2B' reversal pattern.
KOSPI WILL GO TO 2600 Point And go back to 2100 point.KOSPI WILL GO back to 2100 point.
eliott wave will tell you.
stock market is over heating.
and inflation is going on globally.
so sell your stock before plummet to the bottom.
buy dollar or gold.
reset your portfolio.
Dr KOSPI moving higher - important for global cyclicalsKOREA is one big factory with the full gamut of output, from ships to semis.
The index is a key barometer for global cyclical momentum.
Consolidation is complete
