While the price is above the support 7446.80, resumption of uptrend is expected.
We make sure when the resistance at 9243.50 breaks.
If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The taking shape and as a suggests we will soon see another leg higher if price breaks and closes above downtrend.
While the downtrend #1 is not broken, wave in price would continue.
A trough is formed in at 7767.40 on 10/07/2019, so more gains to resistance(s) 8200.00 and maximum to Major Resistance (9243.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 39.
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