The MA 100 has already given its verdict of upwards trend. We are currently stuck in a strong uptrend with the previous 4H candle finishing with strong bullish momentum. With a stronger 4H timeframe analysis, we could possibly go for 47500 as a level of resistance. Too many techincals are pointing to a bullish market that any bearish movement will simply be correction. This is not financial advice and always invest wisely.
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