A bit jammed chart but I will sort it out. 1,27 Butterfly D-point stands at 10350 and the 1,61 D-point at 10650. After finding support by the Kumo cloud index made a nice breakout of the 10000 handle after finishing a Triangle consolidation. It has also attempted a break of the larger ascending wedge but has opened monday with a gap down and is again inside the wedge formation. Price has closed on friday right at the 61,8 of the CD leg in a ABCD pattern going back to 16th Oct 2014. Chances are we will see a touch of the 127 D-point in the Butterfly before any retracement, The minimum target of the 127 Butterfly is the 61,8 fib of the whole pattern which stands at 9900. If this is a false breakout altogether, a drop back to the lower rising wedge is likely. Since there are clear possible reversal patterns forming, including the 161 Butterfly with D point at 10650, I prefer to stand on the sidelines, instead of taking a breakout trade from here (which is a favoured strategy in more high volatile markets which we are currently seeing, illustrated by the ATR at the bottom).