This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Go back and read his comments at the time.
When I identify possible formations, I follow their progression until a confirmed breakout presents itself for trading. When I show you a pattern (be it a flag, wedge, head and shoulders, whatever) it is so you can follow the progression of that pattern too, to see if a breakout presents itself. However, sometimes breakouts do not present themselves, which means good that trading opportunities never presented themselves. So, you can call it "wrong," or whatever you want, but market investigation is a function of proper analysis. Sometimes, the investigation process doesnt follow through to the conclusion that you had originally anticipated, and that happens to all analysts. The fact that people come here to jump on analyses and call them "wrong" or this or that, just goes to show how inexperienced, amateur, and ignorant they are, when it comes to this very basic concept of technical analysis.
Correction: that good***
A h&s happens on tops,
A inv h&s happens on lows.
Those are the basics