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Market cycle is based on the open/close of markets where trading activities dies down and traders shift focus. This is a very commonly observed phenomenon, but just not many people are paying attention to it... During the U.S. session, usually the key events are the NY Exchange Open at 9:30am and the European market close at 11:30am. Market aren't likely to continue trending beyond these hours, therefore if the market has been trending up until then, expect some reversal to take place...