Head and shoulders?

5 Jun 2014

We might have head and shoulders formation on 4h charts. Neckline is clearly rising on Bitstamp and Btce, so there is definitely bullish bias remaining. Neckline is flatter, but still rising on Huobi. To confirm, we should see price falling down through blue dash line, target price will be around $600 (green dash line). Many oscillators are showing negative divergences, which gives more credence to this formation.

I wonder if anybody is interpreting it this way, too?