KORU pullback reaching blue box area, buyers eye potential turn higher

Elliott Wave Forecast Team ElliottWave-Forecast.com

KORU (Direxion Daily MSCI South Korea Bull 3X ETF) delivers 300% daily leveraged exposure to South Korean large‑ and mid‑caps, making it a high‑volatility instrument suited for short‑term tactical trades rather than long‑term investing.

Quick instrument snapshot

Full name: Direxion Daily MSCI South Korea Bull 3X ETF (KORU).
Objective: Targets +300% daily performance of the MSCI Korea 25/50 Index (before fees and expenses).
Primary listing: NYSE Arca.

KORU – Daily Elliott Wave chart (Update: July 8, 2026)

The latest daily chart shows the rally from the April 2025 low ending in wave (I) at $1,284.97. The subsequent wave (II) pullback appears to be unfolding as a zigzag corrective pattern:

Wave a ended at $580.00.
Wave b bounced to $1,111.00.
Wave c is targeting the blue‑box area between $422.65 and $259.92.

From that blue‑box zone, buyers may look for a turn higher — either for the next impulsive extension or, at minimum, a three‑wave corrective bounce.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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