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Wyckoff, however, didn't base his approach on geometry but on behavior ... For the purposes of this thread, the only "pattern" per se is the hinge, which, again, is the result of specific trader behavior, and therefore exists outside the trader himself. |
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Surely Wyckoff identified more patterns than the hinge in his work, no? The climax is a pattern just as much as the hinge, and probably more so. The climax has a certain set of characteristics that form a pattern in volume, spread and close, and it is based on trader behavior. The same can be said of the secondary test.