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Kospi200 Bearflag Beartrap?

KRX:KOSPI200   KOSPI 200 INDEX
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 breaks it would mean the bear trap is very likely. If the green support breaks it will be very likely that it just continues to drop as the bear flag is already suggesting.
The blue line is a big resistance level from that big gap we can see.

Since it's december and closing in on the holidays, is also in favor of the bulls.


Dec 18
Comment: Still below that red resistance, but starting to look like it doesn't want to drop. So chances increase for a move up here
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+1 Reply
botje11 Gerrit2500
@Gerrit2500, Thank you :)
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Thanks from the Korean follower! keep up the good work
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botje11 SungwoonKang
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wow~~ Thank you.
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botje11 dropthebitc
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thank you.
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botje11 ocagori
@ocagori, Your welcome :)
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Yawn...someone wakes me up when BTC breaks below $3K and everyone is losing their mind.

This rally will fade in a couple days. Dont buy a dead-cat.
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