Price touched the neckline at the end of the weekend and saw a bearish reaction to it on Monday
We can expect the price to pull back towards the shoulderline in order to print a shoulder 2, followed by a bullish push up
If we use the Fibonacci retracement from the high to the low of the last push up, we can see that the shoulderlevel is just above the 0.618 fib level and that the 0.618 fib level is just below the daily high.
