The hydrostatic pressure equation P=hρg is valid despite the downward force of weight because pressure in fluids acts in all directions due to the nature of fluid equilibrium. When a force is applied to a fluid, such as pressing down on a water balloon, the pressure is transmitted equally in all directions, demonstrating that pressure is not limited to the direction of the applied force. In a sealed system, like connected pipes, the pressure remains constant throughout, illustrating that the forces exerted on different sides of a fluid parcel balance out, resulting in no net force. This behavior aligns with Pascal's law, which states that pressure changes in an enclosed fluid are transmitted undiminished throughout the fluid. Therefore, the hydrostatic pressure equation remains applicable in understanding fluid behavior under pressure.