The current price: 11965

Key point: 11906

Our preferred direction: short positions below 11906 levels, targeting 12400 as a first target, then 12750 as a second target.

Alternative scenario: stop loss and change direction by breaking 11906, targeting 11567

Technical comment
The US Nasdaq index reached the support levels 11906-12000, with touching the lower border of the descending price channel, which is considered as a continuation flag for the bullish trend, so that it is expected to rise again to the levels of 12400-12750