Price made a bullish impulse from 10800.00 to 11800.00 breaking resistance at 11400.00. On the retest of the broken resistance now turned support is in confluence with the 50% of the fib taken on the impulse, price creating a potential inverse shoulders and currently the right shoulder can be seen to be forming. From here we can scale down to the lower TF to look for entry with TP at 12200.00.