MyWave on the stripped down 6 pip range bar study (left) continues to stay flat when it's momentum cycles bottoms out. Given the underlying trend on the hourly chart is bullish, albeit at the top/turning of its own cycle, I keep covering these shorter term lows and banking on a push up. Until that hourly cycle bottoms out, I consider the short term highs for banking the longs and then shorting again. However, I have to keep in mind that the market might want a new high before committing to unravelling the hourly cycle. Tense start to the week.
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