Kospi is still due for its bearish pattern though it goes upside from around 1860 level but still it may drop.
I think below 1840 is the level where it may get support. Since Kospi is following lower highs and lower lows trend so unless it is crossing its near high of 1940, I think it has the option in the downside.
Kopsi’s move in last few days were good and if it maintains around 1900 range in early days of the coming week then it may try to test higher levels but still I have doubts about substantial moves. In my last review I was talking about multiple bullish options and that is still open but for that it has to break at least around 1940 level in the upside.
On the other hand if it fails to stay above 1900 levels in early days then it has the chance of testing below around 1850 levels. In case if it does not drop below 1850 levels then in later days of the coming week it may bounce in the upside.
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