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

Short
Indice S&P/ASX 200 (ASX_DLY:XJO)  
dawievdwest  
ASX_DLY:XJO   Indice S&P/ASX 200
Chart Patterns Technical Indicators
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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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