nifty midcap - 2hr - climb below the trendline - 5th wave

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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
Nota
Midcaps down almost 3% today. That was a good time to derisk
Nota
Inex down quite a bit
Global mkts are oversold so closing this
Trade chiuso manualmente
Wave Analysis

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