Bullish Bounce

Key Levels:
Resistance: 1797.78
Pivot: 1778.616
Support: 1762.318

Preferred Case:
Prices are consolidating in a inverse head and shoulders pattern. We see potential from our Pivot at 1778.616 in line with 23.6% Fibonacci retracement towards our 1st resistance at 1797.78 which is an area of Fibonacci confluences.

Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 1762.318 in line with 100% Fibonacci retracement.