Type: Bearish Drop

Pivot: 15,715

Support: 15,413

Resistance: 15,888

Preference: Price is reacting below pivot where we may potentially see a drop towards 1st support, in-line with 100% Fibonacci retracement and 61.8% Fibonacci extension.

Alternative Scenario: If price bounce above the pivot, we may see it swing towards 1st resistance, in-line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension.