The range of 11898-11540 was violated on the downside but bears could not take advantage of it. On the other hand the bulls took advantge of the correction to post a huge bullish candle erasing almost the entire loss. The resistance of 11898 -11912 needs to be crossed to break the neckline of the bullish head and shoulder shown below. The move could be a whopping 1900 points!!!!
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