RE:If TA really worked we would all be in the moneygoldstd69, yes I have seen them resolve as predicted many times. That being said there are failures. You should NEVER look at a H&S pattern in a vacuum, if you do then you don't understand TA. If you just look at a pattern you are like the guy who has taken one karate lesson and then goes to a bar and picks a fight with the biggest guy in the place - you're going to get your head kicked in.
One last time IMO too many people just look at chart patterns and ignore many other technicals factors and indicators that HAVE TO BE USED IN CONJUNCTION with the pattern. That pattern needs to show distribution taking place, momentum losing steam, important trendlines being broken, where we are in the cycle etc etc etc.
I SELDOM use charts patterns. I use a series of indicators
NEVER EVER use TA in a vacuum and always realize NOTHING in this life is perfect neither Fundamentally, Technically or Gut Feel..