In my earlier posting I told that now bearish option is more convincing, as such this week Kospi has prove that to some extent. Kospi is creating lot of options in both the sides so to predict a definite one is very hard this time. As sentiment is negative so I will be giving more emphasis on bearish options and lower lows and lower highs which Kospi is making during last one month also support that.
On the other hand so long Kospi maintains 1800 range I am keeping option of future bullish pattern, so if things reverse in coming week Kospi has options of making bullish pattern. But definitely by closing below 1940 range it has negated the medium-term bullish options which I was talking in my last posting. In the upside Kospi has resistance at 1980 range.
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