Nifty50, 1H Heikinashi candle closed below previous candle indicating downward pressure. However the overall counts remain bullish since wave 5 levels were not formed yet. This wave will expand further after brief pull back.
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Nifty50 in pull back phase with three to four red candles on Heikianshi candles indicating some downward pressure.
To reduce noise, we can shift to Heikinashi candle like above. Would like to see some pull back before moving further up however trading with strict stop loss and not giving away any profits.
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