-
Posts
-
Dear @espiral, Thank you for your request, unfortunately, we cannot offer this stock for leveraged accounts due to higher broker margins. The stock is only available for share dealing. Thanks, KoketsoIG
-
By tradinglounge · Posted
Silver Elliott Wave Analysis- ‘Buy the Dip’ to continue the rally? Silver Elliott Wave Analysis Function - Counter-trend Mode - Impulse Structure - Impulse Position - Wave 3 of (A) Direction - Wave 4 of (A) Details - Wave 4 dip is ongoing. Expected to be shallow probably toward 24.5 before resuming higher for wave 5 of (A). In slightly over a month, Silver surged over 13%, marking a bullish impulse wave rally poised to conclude the one-year range initiated in February 2023. A breakout from this range is essential to propel the commodity above $26.5, marking its first ascent beyond that mark since March 2022. This constitutes the overarching multi-month trend. Zooming in on shorter time frames, a dip is manifesting subsequent to the metal reaching its 2024 pinnacle. Despite this pullback, anticipations are for subsequent upward movements, targeting the psychological threshold of $26. In this Silver Elliott wave analysis, we'll scrutinize the structures, pivotal levels, and projected outcomes. Examining the daily timeframe, the price remains within a corrective rally that commenced at 16.56 in September 2022. A double zigzag pattern is discernible, expected to elongate toward the $30-30.18 range in the medium term. Wave W concluded with a zigzag, succeeded by X exhibiting a triangle pattern. Emerging from wave (E) of X, wave Y ascends higher, likely subdividing into three waves (A)-(B)-(C). Wave (A) nears completion around the 25 mark. Hence, for swing traders, the optimal strategy is to buy into the forthcoming dip after wave (B). Meanwhile, wave (A) might still witness one additional upward leg before the dip, as illustrated on the 4-hour chart. On the 4-hour chart, wave 3 of (A) is yielding ground to a wave 4 pullback and could find support within the 24.686-24.215 Fibonacci retracement zone if it gets there. Should this zone indeed provide support, followed by a rebound, another rally to 25.5-26 is foreseeable before a larger pullback for (B) commences. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
Could you add leverage to Adriatic Metals on uk market like on australian market?
-
Question
IGMan
A real backward step introducing new margin calculations for guaranteed stops. If I do £5 a point on the Dow with a guaranteed stop of 20 the margin was always 100 plus the premium of 1.8 giving £109. Now it is £548 to place the same trade.
This really makes it uncompetitive and a very bad move from IG.
Disappointed that we are faced with another blocker.
Link to comment
9 answers to this question
Recommended Posts
Archived
This topic is now archived and is closed to further replies.