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Bull flags are pullbacks in uptrends generating liquidity, understanding context matters more than pattern name.

From How to Spot a Liquidity Trap (Before You Lose Money) · jumps to 16:12 · speech

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Well, if we understand liquidity is getting engineered on both sides, one side to get trapped, and then one side to get nuked once the actual move occurs, with our understanding of market structure, we can build into saying, okay, well, what was the prevailing trend? Before price started forming this wedge, were we in an uptrend or a downtrend? Is there high time frame liquidity above or below us? What's occurring before price goes into a bull flag? Well, generally, price is in an uptrend before it's going into a bull flag. And that bull flag is just a pullback. Maybe it's into this fair value gap here. And then we have liquidity here. We have liquidity here. We have liquidity down here price bull flags bang and then it goes to the upside, right?
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