Bullish Bounce

Key Levels:
Resistance: 53675.03
Pivot: 47385.9
Support: 44903.88

Preferred Case:
We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement.

Alternative Scenario:
Alternatively, price could push further down from pivot level to 1st Support in line with 78.6% Fibonacci retracement.