KOSPI : Bull Trap or Continuation Rally ?TVC:KOSPI
📈 Korea's "Talk of the Town" Index at a Critical Inflection Point — Breakout or Bull Trap? 🇰🇷
After forming a convincing double bottom near the 6,440 zone, the index has staged a healthy rebound and is now approaching the 20-day EMA, a key dynamic resistance level that could determine the next major trend.
The coming weeks may define whether this recovery evolves into a sustained uptrend—or proves to be another relief rally.
🔍 Technical Outlook
The recent double-bottom formation suggests buyers have successfully defended a major support zone, improving short-term market sentiment.
However, the real test begins now.
📌 A sustained move above the 20 EMA would strengthen the bullish case and could open the door toward the 0.618 Fibonacci retracement zone around 8,250–8,500.
This area represents a major technical resistance and a likely profit-taking zone.
⚠️ Make-or-Break Zone
The 8,250–8,500 region will be the most important level to monitor.
If price forms a Lower High (LH) within this resistance zone, it would indicate that sellers remain in control and many traders may choose to reduce exposure by selling into strength.
This would increase the probability of another leg lower.
🏭 KRX:005930 Samsung & KRX:000660 SK Hynix Hold the Key
The performance of Samsung Electronics ( KRX:005930 ) and SK Hynix ( KRX:000660 ) will likely play a decisive role in determining the index's direction.
As two of the largest constituents, any disappointing earnings, weakening semiconductor demand, or negative macroeconomic developments could significantly impact market sentiment at this critical technical level.
📉 Bearish Scenario
Failure to reclaim and sustain above the resistance zone could weaken investor confidence.
In that case, the index may gradually retrace toward the 200-day EMA, currently positioned near the 6,000 level, where long-term buyers may look for renewed opportunities.
🚀 Bullish Scenario
On the other hand, if the index successfully clears 8,500 with strong momentum, expanding volume, and broad market participation, it would confirm a structural breakout.
The next major objective would be the 1.618 Reverse Fibonacci Extension, projecting a potential upside target near 11,000.
📊 My View
The index has reached a high-stakes technical decision point.
✅ Hold above the 20 EMA → Bullish momentum strengthens.
✅ Break above 8,500 → Opens the path toward 11,000.
❌ Rejection and a Lower High → Raises the probability of a decline toward the 200 EMA near 6,000.
This is a classic risk-versus-reward zone where technicals and fundamentals are likely to converge.
Will this recovery evolve into the next major bull leg, or is the market setting up another bull trap? Share your outlook below. 👇
🔖 Hashtags
#KOSPI #KoreaStockMarket #KRX #SamsungElectronics #SKHynix #Semiconductor #TechnicalAnalysis #TradingView #PriceAction #MarketStructure #DoubleBottom #EMA20 #EMA200 #Fibonacci #ReverseFibonacci #Breakout #BullTrap #SupportAndResistance #SwingTrading #TrendFollowing #MarketAnalysis #StockMarket #Investing #TradingIdeas #ChartAnalysis #MarketOutlook #WiSHFundManagement 
Short
Short
Nifty Analysis EOD – 23 July 2026 – Thursday🟢 Nifty Analysis EOD – 23 July 2026 – Thursday 🔴
Band’s Edge: Tests the 23,815 Floor Twice Before Settling at 23,872
🗞 Nifty Summary
Nifty opened with a gap down of 83 points, finding its footing near the key support zone of 23,900. After the opening tick, the index dropped another 31 points before finding a base and gradually climbing towards gap filling. Around 11:00 AM, that gap-filling process completed — and that’s when things got interesting. Constant selling pressure at the day high dragged Nifty nearly 180 points below the IBL, marking a new day low at the support level of 23,815. A recovery of about 80 points followed, but from the IBL again, selling pressure pushed sharply below the day low. The same 23,815 level came to the rescue once more, and another 82-point recovery brought the index to close the day at 23,872.20, with an adjusted close of 23,869.60.
What’s notable is that Nifty tested the bottom of the band created by the 8th July candle — which means we’re still technically inside this range. But it’s looking increasingly fragile. As I write this, Gift Nifty is showing around 140 points down and Brent Crude is up 1.5% from our market close. Another gap down seems likely — we’ll see where we open tomorrow.
The day closed with a bearish candle sitting right at a crucial stage — the real question is whether Nifty can sustain above 23,825 or whether the gap below gets filled. That answer comes tomorrow. One thing I'm keeping in mind though: we're under geopolitical tension right now, and most of what we're seeing on the chart is being driven by news and fear rather than clean technicals. So I don't want to build a bias here — I'll try to stay with the flow, not against it.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 23,904.80
High: 23,990.75
Low: 23,807.20
Close: 23,869.60
Change: −126.65 (−0.53%)
🏗️ Structure Breakdown
Type: Bearish candle with recovery wicks — sellers in control but support held twice
Range: ≈ 183 points — moderate volatility
Body: ≈ 35 points — light body reflecting tug-of-war between sellers and buyers near close
Upper Wick: ≈ 86 points — supply stepped in early; the day high didn’t hold long
Lower Wick: ≈ 62 points — demand showed up at 23,815 not once but twice
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 224.19
IB Range: 88.75 → Medium
Market Structure: ImBalanced
Trade Highlights:
09:45 Long Trade: Target Hit (R:R 1:1.68)
11:11 Short Trade: Target Hit (R:R 1:5.44)
Trade Summary: Both trades hit their targets — clean execution, good R:R on the short especially. After two solid wins, I didn't want to give back the gains, so I closed the day early and ignored the further signals the system gave. Sometimes protecting what you've made is the right call.
🧱 Support & Resistance Levels
Resistance Zones: 23,920 | 23,975 | 24,030 | 24,100
Support Zones: 23,835 ~ 23,785 | 23,630
🧠 Final Thoughts
“When the news writes the chart, fighting the tape is just expensive stubbornness.”
Nifty defended 23,815 twice today, and that’s worth noting. Both times the index was pushed below the IBL and both times buyers showed up at the same spot. That kind of double-test at a level usually means something — either it’s strong enough to matter, or the third visit breaks it for good.
Looking at tomorrow, the 23,835 ~ 23,785 zone is the immediate cushion. If that holds through the open, there may be a case for stabilisation. But if Gift Nifty’s 140-point gap down signal plays out, we might open right below that zone — and then the next meaningful support sits further down at 23,630. Resistance up at 23,920 and 23,975 will be the first walls to watch if any recovery attempt happens.
I’ll wait to see how we open before forming any view. A gap-down open into support is not the same as a breakdown — but it’s not something to step in front of without confirmation either. Patience before position tomorrow.
✏️ Disclaimer
This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions. 
Short
Long
Long
Long
Long
Short
Yanbu National PetroChem : Is the Next Leg Up Forming ?TADAWUL:2290
📈 EMA 200 Retest + Bullish Divergence: Is the Next Leg Up Forming?
Price is now approaching the 200-week EMA at 34.23—a level that has historically acted as a major decision zone.
Looking at previous price behavior, the asset has repeatedly struggled to sustain above the 200-week EMA and experienced significant pullbacks around:
🔹 July 2023
🔹 October 2024
🔹 September 2025
🔹 April 2026
However, the current setup is showing some important differences.
The weekly chart has formed a bullish divergence, followed by a strong recovery. From the previous week's high, price advanced approximately 43%—while the weekly low-to-high measurement represents a total move of nearly 61%.
Following that advance, price once again failed to sustain above the 200-week EMA and entered a corrective phase, eventually declining toward 29.
This level is particularly significant as it represents the 0.618 Fibonacci retracement zone of the major swing from 24 to 38.7—a classic discounted accumulation area.
💡 Why this setup is interesting:
In my experience, the combination of:
✅ Bullish weekly divergence
✅ Formation of a higher low
✅ Price holding above the 200-week EMA
✅ A confirmed discounted Fibonacci retracement
✅ Positive market structure
can create a powerful confluence for the next potential expansion phase.
Using the Fibonacci Extension tool, the initial upside projections currently point toward:
🎯 43
🎯 52
These levels represent the first major upside objectives if the bullish structure remains intact and price successfully sustains above the key EMA 200 zone.
📌 The key question now is not whether price can rally—but whether it can finally sustain above the 200-week EMA.
📌 In case of rejection from Ema200, price may reverse towards 27-26 price zone.
A successful breakout and hold could significantly strengthen the bullish continuation case.
⚠️ As always, this is a technical analysis perspective—not financial advice. Key support and invalidation levels should be monitored closely.
#TechnicalAnalysis #PriceAction #BullishDivergence #EMA200 #Fibonacci #FibonacciRetracement #FibonacciExtension #HigherLow #MarketStructure #SwingTrading #TrendAnalysis #StockMarket #TradingIdeas #TradingView #Investing #TechnicalTrading #Breakout #BullishSetup #MomentumTrading #LongTermInvesting #TradingStrategy 
Long
Long
Short
EURUSD | Buy-Side Liquidity Sweep Signals Bearish ContinuationEURUSD continues to present a bearish technical outlook following a buy-side liquidity sweep above the 1.14750 resistance level and the 2 July high, where price failed to sustain bullish momentum before rejecting lower. This liquidity grab suggests that buying pressure may have been exhausted, shifting the focus towards a potential continuation of the prevailing bearish structure. I will be monitoring a retracement into the highlighted retest zone, where multiple technical factors converge, including the 61.8%–88.6% Fibonacci retracement, previous market structure, and the potential alignment of the 200-period EMA as dynamic resistance. Should sellers defend this area, downside objectives remain the 13 July swing low, the current monthly low, and ultimately the previous month's support. However, a sustained 4-hour close above the liquidity sweep high would invalidate the current bearish thesis and suggest buyers have regained control.
From a fundamental perspective, this outlook is supported by the potential for continued US dollar strength should the Federal Reserve maintain a relatively restrictive monetary policy stance compared with the European Central Bank. A widening interest rate differential in favour of the United States, supported by elevated Treasury yields and resilient US economic data, could continue to underpin demand for the dollar, while softer Eurozone growth or inflation may reinforce expectations of a more accommodative ECB. Market participants should also remain attentive to upcoming high-impact releases, including US CPI, Non-Farm Payrolls, FOMC communications, and Eurozone inflation and ECB policy decisions, as these events may either reinforce or challenge the current macro narrative. While price action will ultimately determine whether this scenario develops, the technical and fundamental backdrop currently remain aligned in favour of further downside unless the stated invalidation level is reclaimed. Long 
Short 
