@vineet_miskin, It's the basic premise of H&S, it's a reversal pattern. If I think NIFTY will go down more, I'll look for a continuation pattern not a reversal pattern, because NIFTY was already bearish, and a reversal pattern will be bullish only. Your H&S might or might not work, that's different issue. It's about which patterns are to be filtered out.
@WILYTRADER2020 No, because what matters is that it’s below the head , and another thing I took for confirmation is that the neckline which was the support for the head and shoulder pattern was broke below and became the new resistance and also got retested