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$XJO #ASX200 Under Threat from Head & Shoulders Pattern?

Short
S&P/ASX 200 Index (ASX_DLY:XJO)  
dawievdwest  
ASX_DLY:XJO   S&P/ASX 200 Index
Chart Patterns Technical Indicators
1
0
chartpattern indicator
The #ASX200 index, here on the Daily chart, could be under the threat of a potential Head and Shoulders pattern. It seems as if a lengthy bearish divergence might be starting to play its role here too. If this is to play out, it could be the start for this index losing more than two thirds of its value according to TheDawieSetup.
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