Engineer_M_Nouman

Engineer_M_Nouman

According to the theory there is time wise or price wise, here i see a time wise correction will be in charge.

Engineer_M_Nouman

In accordance with technical aspect, i have a stance of shorting DXY here at 108.50 with TP 103.50 and may be 101.50. Rgds.

Engineer_M_Nouman

On account of technicals. It is in side ways correction, thus the price will drop and break the support ONLY once and then marked lvls will be tested. Levels are 61% and 78% of harmonic A Leg. However keep the SLO above the recent high. Rgds.

Engineer_M_Nouman

Its a BO and a tentative target lvl is mentioned. The strength of wave is indicative of eyeing that lvl. So key areas are two 61% then 78% Reversal will take place from within. Harmonic C leg is unfolding and lets give it a chance to prove itself.

Engineer_M_Nouman

DOLLAR INDEX : DONE WITH PEAKS, NEXT CYCLE IS VALLEY. In accordance with the structure and the momentum which is clearly indicating that the time has come for a sharp drop.

Engineer_M_Nouman

To me this has been in down trend , now it will find some supports at the mentioned two levels. First one is multiple tested zone. Second one is also tested once. Done fall in trap

Engineer_M_Nouman

In my opinion the larger frame is wedge, and this is E wave in progress and i see this to end around this market zone, For the time being i am looking to average in dips. Lets see.

Engineer_M_Nouman Updated 

I am shorting it since it will drop based on news. Keep a close view.

Engineer_M_Nouman

I have explain my point over the chart. The world is already suffering from pandemic and post pandemic, so part of the cycle is Prices will restore to its PAR value now. Which i see is around 60 per barrel.

Engineer_M_Nouman

There is a place called alert zone, as we are in that zone so be alert for confirmations. I see PS and SC has hit the coin. Lets see how the response comes in.

Engineer_M_Nouman

Stay cautious . Let the selling be absorbed. You may short till this lvl, the switch your view to long and wait for a signal.

Engineer_M_Nouman

I see a inverted H&S pattern and the projection i have mentioned over the chart. To be safe keep slo at trail and manage with small trade initially. Ensure exit at mentioned lvl to be very safe.

Engineer_M_Nouman Updated 

I have added few of my understandings over the chart as i see reasons for its validations. Stick to basics, wait for price to fall below the Trigger lvl mentioned.

Engineer_M_Nouman

There are now triggers and i am waiting for them to appear. No need to rush into things , patience will pay good reward.

Engineer_M_Nouman

So time to wind up any long positions. Things are taking shape and will continue towards the strengthening of state currency.

Engineer_M_Nouman

The Wedge is clear and visibly indicative that a support will be at the marked lvl. Keep Slo in tact. Work Safely. Rdgs.

Engineer_M_Nouman

The corrective phase is making its last move, should buy around the support mentioned in black. Rgds.

Engineer_M_Nouman

IMO, BTC will make some wild moves up from today onward. Stay in long position with slo around 38500. Rgds..