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Understanding market structure and liquidity makes traditional chart patterns like double tops irrelevant.

From How to Spot a Liquidity Trap (Before You Lose Money) · jumps to 13:12 · speech

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But people still use it like a pattern. They see that schematic. They literally try and copy it directly to price. And assume the same things happen every time. You now understand, as long as you understand market structure and liquidity, that becomes irrelevant. But now some of these other patterns, you're going to be a lot more familiar with, perhaps, and they're a lot easier to spot. Things like double tops and double bottoms. What is a double top or double bottom? Well, market structure, we don't know what it is, but it might be helpful to know what market structure was leading into that. Double top or double bottom? Were we in the uptrend or we in the downtrend? Really what's happening here is liquidity is being engineered.
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