The price continues to confuse with its sharp changes in the direction of movement. A good decline gives way to exactly the same growth. Meanwhile, it would seem that the initiative fully passed into the hands of sellers, and the situation for the decline was favorable.

The formed diagonal triangle as wave (1) needs to be corrected, but buyers are struggling to keep the price at the previously set maximums.
Perhaps all this is done in order to shake out the “superfluous” and begin to decline after a fair amount of nerves exhausting.

Anyway, the situation still indicates a high probability of a decline in the development of a correctional wave (2).

Investment idea: sell 1.2200, stop loss 1.2230, take profit 1.2050.