12040 is a key value we can see 50%fib of the raise from 11850 , a triple bottom line in the short term analysis , a good PA candles in 4H, a key node in SHS with 12040 with base, the middle of the downtrend channel of this medium term. Many possible scenario but that is the key level atm and imo was the right level to buy with decent risk, almost 12190 could be on the way to the battle for the upside channel and finally for 12310 and the uptrend too. SL below 12040 and size according with your money management