HUI INVERSE H&S FORMING?

Theory: Just like HUI (Gold Bug's Index) formed a clearly defined H&S Top as chart shows, could it also be in process of forming an Inverse H&S bottom? If so, could be currently working on the Head part of the Inverse H&S. RSI positively diverged from the shoulder to the forming head, so let's keep an eye on it and see what happens, FWIW.