On the reverse side, immediate resistance could be found at 229.15 area. With stochastic and RSI which has been extremely oversold, consistent break above that area should be able to trigger a bullish correction scenario towards 230.10 area or even 231.75 area.
Oversold, Beware of Potential correction KOSPI
Referring to the 4-hour chart, the bearish bias especially if price able to break back below 227.80 area. Potentially encourage further bearish movement to retest the 226.30 area before targeting 225.00 area.
On the reverse side, immediate resistance could be found at 229.15 area. With stochastic and RSI which has been extremely oversold, consistent break above that area should be able to trigger a bullish correction scenario towards 230.10 area or even 231.75 area.
On the reverse side, immediate resistance could be found at 229.15 area. With stochastic and RSI which has been extremely oversold, consistent break above that area should be able to trigger a bullish correction scenario towards 230.10 area or even 231.75 area.
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Thanks for give comment.