The rally and decline from 10200 counts as a 1-2 base. What I mean by that is that the rally from 10200 is impulsive and the decline from 10875 is corrective. There is little question that the decline is a correction (albeit a complex one). Risk can be moved to 10550. A break above 10875 would shift focus to Fibonacci extensions at 11070 and 11490.
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