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Head and shoulders pattern explained through market structure breaks and neckline liquidity targeting.

From How to Spot a Liquidity Trap (Before You Lose Money) · jumps to 14:41 · speech

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Okay, this is going to move down. Well, really, what do we have here? Well, we have bullish market structure. We have a high get form, get taken out. We then have a lower high. No market structure break yet, but perhaps a clue that one is coming because it's a lower high. And then we have liquidity in the form of the net line and confirmation that the head and shoulders is going to play out is a break of the net line. Was a break of the net line? It's a market structure break to the downside. So does a head and shoulders pattern really mean anything? Not necessarily when in reality, right? It's just a story of liquidity and market structure. There's some liquidity there. It gets taken. We have a potential higher low.
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