I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.
This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.
Wednesday, 4 July 2018
Korea KOPSI Entering Mark Down Phase
Seldom apply Wyckoff Method on Indexes. However, we seeing distribution characteristics that are hard to ignore on the Korea KOSPI (Weekly). The characteristics provided technical evidence that the index has completed its Distribution phase and is expected to enter the Mark Down phase. Fibo applied to project downside target objectives.
On Marco, as trade war becomes global, it has caused markets to see red in recent times, especially Asian markets.