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  • Market tops are characterized by Volume Climax Up
    bars, High Volume Churn and Low Volume Up bars (also called Testing).
  • Market bottoms are characterized by Volume Climax
    Down bars, High Volume Churn and Low Volume Down bars (Testing).
  • Pullbacks, in either up or down trends, are similar to
    market topping or bottoming patterns, but shorter in duration and with simpler volume patterns.
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