KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart

KOSPI Composite Elliott Wave Technical Analysis

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Gray Wave 3
• Position: Orange Wave 1
• Direction Next Lower Degrees: Gray Wave 4
• Details: Gray wave 2 appears completed; gray wave 3 of orange wave 1 is now unfolding.

Wave Cancel Invalidation Level: 2,387.49

The KOSPI Composite Index is currently in a bullish trend, as indicated by the Elliott Wave Analysis on the daily chart. This trend features an impulsive wave structure, with gray wave 3 advancing as part of the larger orange wave 1. The completion of gray wave 2 marks the beginning of gray wave 3 within orange wave 1.

This impulsive phase reflects continued upward momentum, with gray wave 3 representing a strong directional movement in the wave sequence. Once gray wave 3 concludes, the market is expected to enter gray wave 4, which will serve as a corrective phase before the upward trend resumes. These waves align with the Elliott Wave principle of alternating impulsive and corrective phases.

A critical invalidation level is set at 2,387.49. If the price falls below this threshold, the current wave analysis will be invalid, requiring a reassessment of the structure. This level serves as a crucial marker for verifying or negating the ongoing wave scenario.

Summary:
The KOSPI Composite Index is progressing through an impulsive bullish trend, with gray wave 3 advancing within orange wave 1. This stage demonstrates strong upward momentum, with gray wave 4 anticipated as the next corrective movement. The invalidation level at 2,387.49 provides a key reference for ensuring the accuracy of the analysis and guiding expectations for future market movements.

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KOSPI Composite Elliott Wave Analysis Trading Lounge Weekly Chart

KOSPI Composite Elliott Wave Technical Analysis

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Orange Wave 1
• Position: Navy Blue Wave 1
• Direction Next Lower Degrees: Orange Wave 2
• Details: Navy blue wave C of gray wave 2 appears completed; orange wave 1 of navy blue wave 1 is now in progress.

Wave Cancel Invalidation Level: 2,387.49

The KOSPI Composite Index is currently in a bullish trend, as outlined by the Elliott Wave Analysis on the weekly chart. This trend is marked by an impulsive wave structure, with orange wave 1 advancing within the broader navy blue wave 1. The recent completion of navy blue wave C within gray wave 2 signals the end of a corrective phase, paving the way for the development of orange wave 1 of navy blue wave 1.

This impulsive phase indicates the initiation of upward momentum in the larger trend. Once orange wave 1 concludes, the market is expected to enter orange wave 2, a corrective phase, before the overall bullish trend continues. This progression reflects the natural alternation between impulsive and corrective phases as described by Elliott Wave Theory.

A critical invalidation level has been established at 2,387.49. Should the price fall below this point, the current wave interpretation will no longer be valid, necessitating a reevaluation of the structure. This invalidation level acts as an essential benchmark to confirm or refute the ongoing wave scenario.

Summary:
The KOSPI Composite Index is in a bullish trend driven by the impulsive formation of orange wave 1 within navy blue wave 1. The completion of navy blue wave C signifies the conclusion of a corrective phase, setting the stage for further upward movement. The invalidation level at 2,387.49 serves as a key reference to validate the analysis and guide expectations for the next phases of the market trend.

(Click on image to enlarge)

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