After huge up moves in the few day's today we saw few selling's happened after consolidation. The price fell below the trendline which was marked in 1D TF.
This can either be a pullback or consolidate. This opportunity can be used to take shorts. Since Bn couldn't sustain above 36000 lvl because the market has been going bullish since 15th July, buyers are started to close their positions.
Market will try to close today's gap. If 35420 is broken we can see bearish movement in the market. Likewise, if the the market reverses after closing the gap, wait for 36000 lvl to be taken out to take long trade.
P.S. - This is just my view of the market.
This can either be a pullback or consolidate. This opportunity can be used to take shorts. Since Bn couldn't sustain above 36000 lvl because the market has been going bullish since 15th July, buyers are started to close their positions.
Market will try to close today's gap. If 35420 is broken we can see bearish movement in the market. Likewise, if the the market reverses after closing the gap, wait for 36000 lvl to be taken out to take long trade.
P.S. - This is just my view of the market.