FTSE 100 - Is it forming head and shoulder?

FX:UK100   FTSE 100 Index
The daily chart shows a head and shoulder formation could be in the making with neckline support at 6054 levels.

Bears should watch out for a rebound followed by a break above daily high of 6167 as that could yield a rise above 6237 levels, which if breached on day end closing would negate the possibility if a head and shoulder formation.
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