South Africa Top 40 Index: Bullish Bias on the 1 hour & Daily
On the daily chart we notice that the level of structure 65797 has been respected, but on the level of structure from 70127 was not respected. Down to the 1 hour chart we find that the same occurs on level of structure which is 68863 is respected but the structure which is from 70557 was not respected only once whereas from the average level of structure which is 69243 was not respected where a retest was also spotted with consolidation as well.
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