No it will not hit 1200 before atleast doing 1 more retouch,
Comment: SHORT AT 1265
The pattern shown below is a head shoulder, nice one. Didn't pick up on that one but from my analysis i found that it will be going lower for the most part of next week. Basically the last two days made a bear engulfing signal. Confirmation will be on Monday, if Monday and Tuesday are red then it will be a three black crows signal. Rein forcing the down move. If i am wrong correct me. Nice analysis.