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Bixley

EBS - Head and Shoulders Pattern, Weekly

Emergent Biosolutions, Inc. (NYSE:EBS)  
Bixley  
NYSE:EBS   Emergent Biosolutions, Inc.
Chart Patterns head_and_shoulder headshoulders ebst EBS emergent
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chartpattern head_and_shoulder headshoulders ebst ebs emergent
1/1 line is a major Trend line
Using the Fib circles the H&S pattern becomes more evident with the LS being rejected at the 1 level
The H being formed at 1.618
and the RS being formed in the aftermath of the H formation

I expect more downsides on this weekly timeframe until the strong support level is reached, which coincides also with the 1/2 Gann level

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