H&S pattern. Which way is it to be??

If price fails to break below the neckline, then we may have a bullish continuation pullback. if price breaks below the neckline, we may get a pullback and then potentially push down to C point. C point is at the level 1 and offers a good support area. Also it is the same distance of the head to neckline.
At the moment I will sit on the fence and wait.