From the 10350 low to the 12200 high there is a 3 wave movement, either wave 1/2/3 of an upward impulse or wave A/B/C of an upward zigzag.
A break above the 12200 level would help confirm an upward motive structure, which is bullish, so look for long opportunities above that level.
A break below 11230 would invalidate an upward motive structure, which is bearish, so look for short opportunities below that level.
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