What Nifty can do now

Nifty on an hourly chart is trying to form a big 645 point Inverted Head and Shoulder Pattern with the neck line somewhat horizontal. The right shoulder has started appearing and should in ideal case take nifty down to 2800 from where it has to turn upside to the neck line and then take a move up. The breakout area of roughly 3090 when added to the IHS size can give a target of 3735.
Are we too optimistic? If most are optimistic, the market actually will move in a pessimistic manner. The market betrays most people and works in a manner not understood by anyone. Bullish mode can bring bearish results and vice-versa. We here are assuming that the IHS pattern forms and take a breakout and then reaches target. It may so happen that the target may not fully reach and fizzle off at 3400/3500/3600. The right shoulder is assumed to turn back up at 2800 which might not do so and go down deep as 2600/2700 odd levels. Or may go down further to fully negate the IHS pattern. Anything is possible.
This was observed by a friend of ours who suggested that we should do 3600. Time will tell and till then ... keep wondering and speculating and gambling ....