Looks like KOSPI is making a positive pattern and it can trigger that if it breaks 1900 level in the upside, this positive pattern can take it towards 2000 level. This week KOSPI was little disappointing comparing to its last Friday’s move. Now in early days of the coming week if it goes below that 1850 level then the chance of triggering the bullish pattern is less.
If KOSPI drops below 1800 then it may continue its reverse symmetrical triangle or it may create a new bearish pattern which is not clear yet but that level is very important in the downside. 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 may come at later days.
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