On the reverse side, the 23.6% fibo of 289.30-218.05 around 234.85 will act as immediate resistance. With stochastic and RSI which has been extremely oversold, break back above that area should be able to trigger the bullish correction scenario re-testing 236.30 area or even 237.35 area.
Oversold, KOSPI Rawan Correction
Based on 4-hour chart, the KOSPI remained bearish bias. But still needed a break consistently below 232.40 area to trigger further bearish momentum testing 231.45 area before targeting 230.70 area.
On the reverse side, the 23.6% fibo of 289.30-218.05 around 234.85 will act as immediate resistance. With stochastic and RSI which has been extremely oversold, break back above that area should be able to trigger the bullish correction scenario re-testing 236.30 area or even 237.35 area.
On the reverse side, the 23.6% fibo of 289.30-218.05 around 234.85 will act as immediate resistance. With stochastic and RSI which has been extremely oversold, break back above that area should be able to trigger the bullish correction scenario re-testing 236.30 area or even 237.35 area.
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