Potential pullback to the neckline

6 feb 2022

Hi traders. BTCUSD can pullback to the neckline to validate the Head and Shoulders pattern as you can see on this chart. I'm expecting for the next weekly openning to confirm the bearish condition. Weak volume, strong local resistance, overbought daily stochastic, weekly Heikin Ashi indefinition in a potential bearish momentum continuation. The Gartley's Crab X-B swing trendline can be the next diagonal resistance in a lower level. Potential local support at the wave 2 bullrun support line. You can see my targets based on Fibonacci Retracement on this chart. Thanks for your attention.