Short term view - KOSPI 200 : The moving average is capping prices.
Peaks and troughs overlap, they still define a bearish trend but it could also be an exhaustion. The next target is at 275.01 pts. The invalidation level is above300.24 pts.Arguments :
- The major resistance is close.
- The moving average is capping prices.
- A reversed head-and-shoulders is forming.
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