Type: Bearish Reversal • Pivot: 63679.07 • Resistance: 66781.83 • Support: 59497.32 • Preference: Price broke out of an ascending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st Support level in line with 61.8% Fibonacci projection. Alternative Scenario: Alternatively, price could push all the way up to the 1st Resistance in line with 100% Fibonacci projection. (full story)