Bullish Bounce

Key Levels:
Resistance: 53613.64
Pivot: 49485.42
Support: 47219.93

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 50% Fibonacci retracement.