From TradingView · · 30s
KOSPI Bearish Flag Pattern
KOSPI may drop to 3,896 if bearish flag pattern breaks.
In brief
KOSPI may drop to 3,896 if bearish flag pattern breaks. KOSPI could fall to 3,896 if it breaks below 5,450 on the daily chart. Originally reported by TradingView.
KOSPI Bearish Flag Pattern
KOSPI price action is forming a bearish flag pattern between 5,450 and 5,809 on the daily chart.
Potential Drop Target
If KOSPI breaks lower, traders could target 3,896 as the downside objective.
Support Levels
KOSPI faces support at 5,063 before another layer at 4,164, which is north of 3,896.
The main idea
KOSPI could fall to 3,896 if it breaks below 5,450 on the daily chart.
