From TradingView · · 1m 30s
Korea's chart rolls over, and the world follows
One trader's wave count says South Korea's ETF has topped, and that every other world index goes down with it.
In brief
One trader's wave count says South Korea's ETF has topped, and that every other world index goes down with it. This is a wave-structure call, not a forecast with evidence: EWY tops, world indexes follow, and the whole thing is prefaced with "if this is correct". Originally reported by TradingView.
Korea is the chart to watch
Wavetimer posts the iShares MSCI South Korea ETF, ticker EWY, as the setup. The claim is simple: its wave structure has finished going up.
“The chart posted is The South Korea index”
Ready to roll over
Not a pause or a shallow dip. The read is a rollover, the point where the trend turns from up to down and stays there.
The C wave down
The title names the leg: a C wave, the last move of a corrective sequence. That is the part of the pattern that usually does the damage.
And the rest with it
The bigger call is contagion. Korea does not fall alone, it drags every other world index along behind it.
“I see the wave structure as ready to roll over and take ALL world indexes with it”
The hedge is in the post
Four words carry all the weight: "if this is correct". There are no price levels, no target, no timing, just a structure read and a conditional.
“if this is correct”
A chart read, not advice
Filed 20 hours ago under wave and trend analysis, tagged next to SMH and SPY. TradingView spells out that none of it is investment advice.
“Best of trades WAVETIMER”
The headline
This is a wave-structure call, not a forecast with evidence: EWY tops, world indexes follow, and the whole thing is prefaced with "if this is correct".
