Possibility 1 - Correction in the pending uptrend. Consolidation in range. Invalidated if daily close below Level 11350 and then 11170. Invalidated when close above 11600 and Uptrend starts.
Possibility 2 - New Downtrend going back in the range. Invalidated when close above 11600.
Consider Possibility 1 first and cover around support levels. Close below 10350 will require review again.
Possibility 2 - New Downtrend going back in the range. Invalidated when close above 11600.
Consider Possibility 1 first and cover around support levels. Close below 10350 will require review again.