One of the ways of analyzing cycles in financial data is to detect cycles in traded volume. In particular, there are interesting correlations between the fixed amount of volume traded and price reversals in intraday trading. If you are able to detect these static volume figures that can explain intraday price movements, you have an edge in your trading strategy. You can try for the WTT Cycle Analysis Tools. Thus, instead of time-based cycles, it makes much sense to look for a fixed amount of volume cycles to spot market turns.
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