though I've never said a word of this alleged H&amp;S, considering it not justified structurally (maybe only in shape, which is far not enough), I need to note that it's not entirely ruled out yet, as price needs to take out recent high of 102+k to fully forget about it

Agreed, the recent high of 102+k needs to be taken out to rule out the Head and Shoulders pattern, and until then, it remains a viable possibility.

Price action above 102k is crucial for dismissing the H&S concern.

They acknowledge the pattern's potential significance in shape alone.

The speaker is skeptical about the H&S pattern due to structural issues.