Sorry to rain on the parade :X
Market is all about fractals, you just have to weight the pattern by the timeframe you use. But it tends to weight by itself as targets are also smaller on smaller timeframes.
Thanks for the head's up, you're absolutely welcome to criticize ideas. It also serves this purpose of sharing ideas.
You're missing my point on the timeframe thing. The H&S pattern represents a behavioral pattern that takes a lot longer than a day or two. (Do you know what that behavioral is? I do. It's a mutual fund buying in very, very slowly because they have an enormous amount of money, or the opposite with selling. Hence why H&S are noted for being extremely slow and long.)
This isn't a friendly warning or sharing ideas. You're spreading misinformation wanton. It's irresponsible.