Medium term view - KOSPI 200 : A head-and-shoulders has just been triggered.
Prices were consolidating in a pattern. They broke below the lowest threshold of that pattern. The trend becomes bearish. The target is at 265.37 pts. The invalidation is above323.80 pts.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
- A head-and-shoulders has just been triggered.
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