yes i agree to Oceanmen. It is very much important that the bottoms of the shoulder should touch the neckline. so the given chart is not showing any H&S Pattern. On the other hand this H&S pattern usually indicates bearish trend with target price will the the gap between neck line and head. whereas inverse H&S indicates bullish trend.
But never consider that this kind of formation will go as predicted. there is a probability that it act as a false indicator. i mean, an chart forming inverse H&S could let the prices fall in the negative territory, may be due to some negative news. And as a technical and news trader, i keep both the things in mind while trading.