Kospi has bottomed

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Kospi has bottomedKOSPI Composite IndexKRX:KOSPIChipsnCheeseSemicon conrrection retracement has been spooky for retail investors with many calling out that AI bubble has finally popped. However, from technical perspective, we are at wave 4 on the larger super cycle of this AI wave with one more leg up of min. 40% and max of 70% pending at Kospi. The corrective struture was an expanded flat ABC with all waves showing completion now. Good zone to initiate longs.