The weekly here shows that price has backed off it's run toward that first resistance level at 12,301 topping out at 11,788... The candle is still open, but looks like it could end up closing "heavy."
The daily gives us a cleaner look at the how price reacted as it approached resistance. It clearly put in a reversal signal and managed to confirm. This is not wholly unexpected as it made sense that price would retest the move higher after bouncing so cleanly at support.
No idea how low it can go here as there are no clear support levels... save maybe 9,075...
Whatever level(s) you decide make sense for you, trade within context of the overall trend, limit your losses, and you'll be fine.
