Korea KOSPI Comp Index Daily (07.09.2014)Tech. Analysis Training
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2084 local top three times now breaking the support line. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is asking support from KUMO. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is above the KUMO and is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Watch the behavior of KOSPI at SPAN A (green line) of KUMO. Short if it gets into it. Stop loss above the resistance line.
The KOSPI index has declined last week from 2084 local top three times now breaking the support line. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is asking support from KUMO. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is above the KUMO and is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Watch the behavior of KOSPI at SPAN A (green line) of KUMO. Short if it gets into it. Stop loss above the resistance line.
