Nifty forming H&S on longer time frame

We can see the bearish pattern as indicated on the charts. Any close below 7950 especially on the weekly charts will set nifty up for a massive slide towards 7200 levels. GDP forecasts have been cut and the Global Markets look overheated. If the global indices correct we could massively underperform. Watch out for the portfolio in these times. Lot of trasders can be caught un aware just like last year