Now it looks like that KOSPI has acted to some extent on its positive pattern but it is very disappointing that it was unable to break 1900 level. Last week I was talking about a chance of making a reverse symmetrical triangle, if that is true then in the downside expected range will be around 1700–1750 level for now. I will change my opinion about reverse symmetrical triangle if it breaks 1950 level in the upside.
KOSPI is making a medium to long-term bearish pattern and unless it crosses 2050 level in the upside I will not change my stand about this bearish pattern. If it maintains 1850 level in the early days then there is a good chance of breaking 1900 level. Things will be monotonous if KOSPI moves around 1850 level in coming days.
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