If one looks hard enough you can 'find' potential Head and Shoulders Patterns on any(time-frame chart)if thats what you are looking for. Not too sure which one you(Exee), intially were referring too or, indeed, the one Dollarfast aluded too(over the last 12 mths????) BUT for the sake of this thread here are three, yes three S/T time-frame(I have 'exploded' a Daily chart to show the same data period in a 2_Hrly format in order to 'expand' the 3 examples.
Anyway, take your pick which one as all have reached their measured move "targets" with the 2 larger ones(yellow and orange)coming between 16.5c and 15.5c ...right where we are now.
I'll let others determine whether this is of any relevance as to where to from here/now because I personally don't think one can guarantee their use as a reliable tool to determine trend change.
head and shoulders, page-23
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