Good points you make. I didn't see the H&S, for some strange reason.
Included below. The target for shorters would be the 38% Fib extension, ie. 38c.
The thing that might prevent the H&S playing out is the extended bearish run up prior to this, meaning some degree of oversold is already happening.
Cisco CEO - "Becoming Number 1 Security Company", page-68
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