Potential Head & Shoulder Formation

I'm pretty new to this but it looks like we have a head and shoulders formation for EGLD. With this formation we want to watch the neckline closely, and if it breaks to the downside I used the red line to predict a potential bottom to the ensuing downtrend. As you can see, this target also coincides with a previous support level as well so it makes sense. Love the EGLD project though so let's pump this thing and break out of this pattern! :)