KOSPI Composite Index

Positive with Korean Index if it breaks the downtrend

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The Korean Index is consolidating the last 44% gain it made in the last quarter of 2020.

This consolidation is very well defined inside a downtrend channel. I am positive if it breaks it. It could be the start of another leg up.
As long as it stays in the that area, I am neutral.

Next support around 2800. That would be ~50% fibo retracement of the previous movement.
That kind of consolidations are very healthy.

Have fun and be careful out there!

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