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Posts
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By tradinglounge · Posted
Silver Elliott Wave Analysis Since mid-November, Silver has been on a rebound with a reduced momentum. The sluggishness of the rally could mean that the pressure from 23 October will continue lower toward $28. However, the pullback from 23 October ends above the 26.45 pivot, and the larger bullish sequence from January 2024 should continue. Daily Chart Analysis On the daily chart, it’s clear the commodity has been bullish in 2024. A 5-wave rally was completed at 32.5 in May 2024 from the 21.91 low of January 2024. This rally was identified as wave ((A)). However, it could also be wave ((1)). This means that Silver is either evolving into a 5-wave structure or a 3-wave structure. The pullback that followed to 26.45 7th August low completed a corrective structure - could be wave ((B)) or ((2)). By projection, the resurgence from 26.45 should extend to $37.4-$44 for either wave ((C)) or ((3)). Meanwhile, from 26.35 another 5-wave impulse rally followed which is identified as wave (1) of ((C)) or (1) of ((3)) before the current pullback emerged from the peak of October 2024. The current pullback can be identified as wave (2). Meanwhile, it appears wave (2) has not finished yet. H4 Chart Analysis On the H4 chart, the price is current on a bounce for wave B of (2) and very close to a Fibonacci confluence zone for resistance. Unless the rally breaches 32.67, the downside is favored to continue in the short term to finish wave (2) before the price turns to the upside again to begin wave (3) toward $40. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By cryptostar · Posted
Brett Coin is taking the crypto world by storm, surging over 51% in just a week! With a $2.3 billion market cap and dominance on Coinbase’s Base blockchain, Brett Coin is leading the memecoin revolution. Don’t miss out as it sets new records and reshapes the future of crypto! The unprecedented success of Based Brett Crypto can be credited to the rapid expansion of the Base ecosystem. As Coinbase’s innovative Layer 2 chain grows, Brett Coin benefits from its robust infrastructure and collaborative environment. These factors have played a key role in driving Brett Price higher and fueling optimism about Brett Price Predictions for the future. Also Brett coin acquires the top position on based meme coins. Brett Coin isn’t just a market leader; it’s a trendsetter in the meme coin space. Its playful yet strategic approach has attracted a strong community of supporters who see its potential for long-term value. By staying ahead of the curve, Brett Coin is reshaping how meme coins are perceived and traded. Brett Coin (BRETT) has surged to a $2.3 billion market cap with trading at $0.204025, dominating the meme coin market on Base. Its price growth continues, fueled by the expanding Base ecosystem and strong community support. Over the past week, Brett Coin has experienced a 23.31% price increase, demonstrating its growth potential. The highest price in the last 24 hours reached $0.20859, while the lowest was $0.19255. The meteoric rise of Based Brett Crypto is a testament to its strong foundation and the expanding Base ecosystem. As Brett Coin Price continues to break records, it paves the way for more innovation and growth in the meme coin space. Investors and enthusiasts should keep a close eye on Brett Coin as it sets new benchmarks and redefines the future of cryptocurrency. For an in-depth Brett Price Prediction, experts suggest strong future growth driven by the expanding Base ecosystem and growing market interest; explore more insights and forecasts on trusted crypto platforms. -
By tradinglounge · Posted
TATA MOTORS – TATAMOTORS (1D Chart) Elliott Wave Technical Analysis Function: Counter Trend (Minute degree, Navy) l Mode: Corrective Structure: Potential Impulse within larger degree corrective wave Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy might be complete around 770 mark as bulls prepare for a counter trend rally soon. Invalidation point: 1145-50 TATA MOTORS Daily Chart Technical Analysis and potential Elliott Wave Counts: TATA MOTORS daily chart is indicating a potential trend reversal from 1145-50 high carved in July 2024. The first impulse drop could be complete around 770 or near to completion with one more low. Alternatively, Minor Wave 4 is complete around 770 and the stock is ready to turn higher from here. TATA MOTORS had earlier dropped through 380 lows in December 2022, marked as Intermediate Wave (5) Orange. The subsequent rally thereafter can be sub divided into five waves labelled as Minor Wave 1 through 5 respectively. If the above holds, prices would stay below 1145-50 range and continue to carve lower lows and lower highs as bears remain in control going forward. TATA MOTORS – TATAMOTORS (4H Chart) Elliott Wave Technical Analysis Function: Counter Trend (Minute degree, Navy) Mode: Corrective Structure: Potential Impulse within larger degree corrective wave Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy might be complete around 770 mark as bulls prepare for a counter trend rally soon. Alternatively, the stock could print another low below 770 to complete the impulse before turning higher again. Invalidation point: 1145-50 TATA MOTORS 4H Chart Technical Analysis and potential Elliott Wave Counts: TATA MOTORS 4H chart is highlighting the sub-waves after Minor Wave 3 Grey terminated around 1070 in March 2024. Please note that Wave 4 was a combination followed by a potential impulse Wave 5 through 1145-50 range. Furthermore, the price action is revealing an impulse drop from 1145-50 high, indicating a potential trend reversal. Alternatively, the entire structure from Minor Wave 3 high could be an expanded flat, which is now complete around 770 or near to completion. If the latter is true, the stock might turn higher soon and push through 1145-50 zone. Conclusion: TATA MOTORS has carved a potential impulse from 1145-50 high to 770 levels. Expect a turn to unfold from current levels soon. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here!
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Question
Win
Hi guys, I’m not sure why trading in IG with have to trade in MT4 platform. Can I just trade in IG and not MT4? If I have to trade in MT4, why would I have to use IG?
1 answer to this question
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