KOSPI Composite Index Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

KOSPI composite Wave technical analysis

Function: Bullish Trend.
Mode: Impulsive.
Structure: Orange Wave 3.
Position: Navy Blue Wave 1.
Next higher degree direction: Orange Wave 3 (Started).
Wave cancel invalid level: 2,358.75.

The KOSPI Composite daily Elliott Wave analysis reflects a bullish market scenario for the South Korean index. The trend is impulsive, with a focus on orange wave 3, which is part of navy blue wave 1 in the broader wave count. The prior corrective phase of orange wave 2 appears complete, and the chart now shows the onset of orange wave 3, signaling the continuation of the upward momentum.

Orange wave 3 typically displays strong and extended price movement, which aligns with current expectations. The key invalidation level to watch is 2,358.75—if this level is broken, the current wave interpretation would be invalidated.

The analysis suggests orange wave 3 is already in progress and will likely maintain the bullish structure. Traders should monitor for confirmation through price action and volume behavior consistent with impulsive waves.

This framework offers a reliable basis for developing bullish trading strategies. The daily chart timeframe supports a focus on intermediate-term moves, with clear context provided by the broader wave pattern. Recognizing wave degrees and understanding their relationships remains critical for making effective trading decisions in strong upward markets.

The current structure supports bullish positioning with caution around the invalidation level.

KOSPI composite wave technical analysis

Function: Bullish Trend.
Mode: Impulsive.
Structure: Orange Wave 3.
Position: Navy Blue Wave 1.
Next higher degree direction: Orange Wave 3 (Started).
Wave cancel invalid level: 2,358.75.

The KOSPI Composite weekly Elliott Wave analysis delivers a strong bullish perspective for the South Korean stock index. The chart reflects a persistent upward trend within an impulsive structure. The focus is on orange wave 3, which resides within navy blue wave 1 in the broader wave hierarchy.

Following the likely completion of the corrective phase in orange wave 2, the index has entered orange wave 3, which often produces extended and aggressive upward price movement. This wave is typically the strongest phase in an impulsive sequence, supporting expectations of continued growth.

The invalidation point for this wave count is 2,358.75. If the price falls below this level, it would cast doubt on the current wave outlook. With orange wave 3 appearing active, the weekly chart offers a longer-term view, useful for aligning trading and investment strategies with the ongoing bullish trend.

This wave structure highlights both the intermediate opportunity and the broader advance of navy blue wave 1. Traders should look for confirmation through strong volume and upward momentum, often seen in wave 3 progressions. The chart setup supports a continued bullish outlook, with risk controls centered around the invalidation level.

Technical analyst: Malik Awais.

KOSPI composite wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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