Above 10.5K market keeps chances on upside continuation

Morning folks,

Last time we've discussed two upside scenarios. First one is based on minor butterfly and have suggested immediate upside continuation, while second one stands in relation to higher time frame and the pattern that could be formed there. As you can see, our minor butterfly stopped at 1.27 and then market has turned down.

Still, this is just minor detail that doesn't change the core. Because we have butterfly on daily chart and while market stands above 10.5K lows - it keeps chances on upside continuation. Nearest target stands around 12.5K. Thus, if you plan to buy - try to do this as closer to the bottom as possible, just to minimize possible loss. Currently price already stands at 5/8 support area