HSI approaching resistance, potential drop!

HSI is approaching our first resistance at 27915.4 (horizontal swing high resistance, 38.2% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 24095.7 (horizontal pullback support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) .

Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.