They Chased Korea… Now They’re Trapped

Korea Crashing

The Korean trade had everything, momentum, flows, retail chase, and the kind of price action that pulls everyone in at the worst possible time. What started as a powerful upside move quickly turned into a crowded trade, driven more by positioning and psychology than fundamentals.

Now the unwind is underway. The same forces that pushed it higher are working in reverse, and as always with these setups, it’s happening faster than most expect.