In my last review I was telling that it is better to wait for full confirmation of breaking 2000 level though this week Kospi touched 2040 range but I would like to wait for certain more time. It looks to me that if Kospi maintains around 1980–2000 ranges in early days of the coming week and days thereafter will be crucial for Kospi for any directional moves. As I said in my earlier review that that if it breaks around 2000 range then Kospi has good chance to set a new uptrend, I am still holding that opinion.
In the downside 1980 is very important support level for Kospi if it breaks than then Kospi may drop more. I will talk about the bearish pattern when Kospi will be going towards levels around 1860 ranges.
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