Medium term view - KOSPI 200 : Head-and-shoulders
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 above301.50 pts.Arguments :
- Prices have pulled back to the major resistance level (previously a support). The fall is now resuming.
- Prices have pulled back to the head-and-shoulders neckline, they can resume their fall.
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