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12 broke, but does not hold above, so does it count as a break? It has tested twice in a row without being able to hold above. If it tests again, the possibility of holding above will be very high. The break position is only 300 points. For the integer threshold, it does not count as a formal break, but rather a false break. Currently, the overall trend shows that there is an expectation of pullback in the smaller timeframe. In the larger timeframe, the upper band of the boll is still extending upward, but to go up, it must hold above the 12 threshold. Currently, there is still space below, and the recent back and forth has become the norm. According to the wave pattern, the ⑤ wave may end early, which could trigger a drop. If the pullback within the day is significant, then be prepared for levels below 11. A one-sided move will either start at the end of this week or next week. Overall, you can take it easy. Pay attention to the resistance at 120300 and 120800. Short-term target 108200. Swing trading target 116700. Long-term target around 109500.
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