tomj2417

Kospi - correction over....5th wave starting?

Long
INDEX:KSIC   KOREA COMPOSITE STOCK PRICE INDEX (KOSPI)
Is the Kospi about to embark on a 5th wave here or has this complex correction got some more twists and turns? It will be interesting to me what this index does at it's yearly pivot (2347) and I will be keeping an eye on this one for clues. At the moment it is too early to tell, for me at least, but I reckon I can see 5 waves down to possibly complete a c wave and it has bounced on the 50% fib retracement. There is also some notable divergence on the RSI on this daily chart.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.