Trading within a formation.
We have a 50% Fibonacci pullback level of 12130 from 12661 to 11600.
As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
The medium term bias remains .
Preferred trade is to buy on dips.
We look to Buy at 12130
Target 1: 12330
Target 2: 12400