Although bullish, KOSPI Rawan Correction

Bias looks still bullish on the 1-hour chart, although to maintain the momentum needed penetration remains consistently above 233.05 area. Which would encourage sustainability bullish testing 234.85 (Fibo 23.6% of 289.30-218.05), before targeting 235.90 area.

On the reverse side, the MA-100 at around 231.10 will act as immediate support. With the condition of stochastic and RSI which has been extremely oversold, break back below that area should be able to trigger the bearish correction scenario re-testing 230.00 area or even area MA-21 at around 228.95.