KOSPI - Rangebound Trading

[Soultrader 12]

Thought I would post this chart, have been waiting for this setup for a possible swing back to the bottom of its range.

 

Clear selling pressure at the top of its range... with heavy decline into the close.

 

 

 

Also note the range occurring after a decent uptrend.

 

 

Possible clues include the bar on July 7th. Samsung Electronics rose to yearly highs due to strong quarterly earnings forecast. However, foreign investors sold on that day triggering sell programs... we tested the 7th high again today and failed.

 

[suriNotes 11]

Hi Soultrader,

 

Here is KOSPI 200 Index ABC Chart with Price/Time Cycles...

 

Regards,

Suri

 

[suriNotes 11]

Hi Soultrader,

 

Here is KOSPI 200 Index ABC Chart update...

 

Regards,

Suri