Head and Shoulder pattern in Nifty

A H&S pattern is under formation in Nifty. It is not yet completed, so there is no rush to take entry.
The pattern is invalid if the shoulder price level is breached. The chart and levels will be updated once the pattern is validated or invalidated.

Downside levels are 23950, 23810, 23540 and 23070.

Upside levels are 24900, 25150.