nifty midcap - 2hr - climb below the trendline - 5th wave
Updated
typical 5th wave behavior (of some degree)
Fall below the core trend and wriggle up from below.
If this is the right view, time to be very cautious here. Lots of froth
Fall below the core trend and wriggle up from below.
If this is the right view, time to be very cautious here. Lots of froth
Note
Midcaps down almost 3% today. That was a good time to deriskNote
Inex down quite a bitGlobal mkts are oversold so closing this
Trade closed manually
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