Wing Tai heading for neck line

Fig 1 Wing Tai Daily Chart

My last up-date on Wing Tai as I recalled mentioned the head and shoulder formation and that it has broken through the neckline. As always, the chart needs to return to the neckline before moving south to meet its objective. Wing Tai is no different as far as I am concern.

My estimation is that Wing Tai might hit 1.70 which also coincide with the negative gradient of the Gann Grid line. This would probably be the location where the counter reverse again.