KOSPI was unable to cross 1850 levels but it is good to see that it did not drop in the later periods. Last week I mentioned that its reversal is below 38.2% Fibonacci retracement level, which is at 1864 level, this week it went more close to that.
Since KOSPI has not shown much change in weekly closing so I am still maintaining those levels which I talked in last week. If it drops from here then important level that needs to watch is 1750 in the downside, if it breaks 1650 level then things can be worse for it. On the other hand if it breaks 1850 level in the upside then it may test levels around 1900 but crossing 1950 will be hard job for it.
Still, I will give more emphasis on the movements in early days of the coming week and on 1850 level.
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