-
-
Posts
-
By tradinglounge · Posted
WTI Elliott wave analysis Function - Counter-trend Mode - Corrective Structure - Triple Zigzag Position - Wave X of triple zigzag Direction - Wave Y of the triple zigzag Details -Double zigzag for wave X entered the Fibonacci support base to find support after marginally surpassing the 80 major level. It may go deeper in the zone but should not exceed the invalidation level 75.49. A reaction upwards is expected from the zone. The US Crude Oil has been shedding prices since April 12, 2024. Since then, the commodity has lost nearly 10% in value. The fall followed a 4-month, 29% rally that started in December 2023. The question is whether the commodity will resume the recovery from December or if all of it will be lost in the coming weeks/months. The daily chart captures the bearish cycle that retraces the strong impulse rally between the Covid time and the March 2022 peak of the Russia-Ukraine war. This retracement, as shown, is emerging into a double zigzag pattern - labeled W-X-Y (circled in blue) of the primary degree. Price is currently in the last leg - blue wave Y, which is also subdivided into (A)-(B)-(C) zigzag structure of the intermediate degree. A closer look shows wave (B) is ongoing and has completed a double zigzag. However, one more rally is likely to surface for a triple zigzag. So, we are torn between a double and triple zigzag for (B). One has to be invalidated for the other to be valid. If it’s a double zigzag, the current decline from Y should break the channel downwards and complete an impulse. However, if the current dip completes another corrective structure and price responds sharply upside, a triple zigzag will be favored. Therefore, we need to investigate the current dip on the H4 chart. The H4 chart shows a double zigzag emerging from wave Y. The commodity should find support between the 79.23 and 76.90 Fibonacci areas and react sharply upside for wave Z to complete a triple zigzag. This is the preferred count. However, if a significant rebound doesn’t happen at the zone and the decline continues below 75.49, we can refer to the drop from Y as an impulse and take wave (B) to have ended at 87.63 with a double zigzag structure. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
clear resistance at the moment -
Decentralized finance has sparked numerous innovations, notably in lending and borrowing protocols, which enable users to transact without centralized authority. Smart contracts facilitate these financial interactions, offering freedom and security. While platforms like Aave, Maker, Compound, and yearn Finance have dominated the space, Zerolend's recent advancements have been noteworthy. Zerolend stands out by supporting a broader range of chains, including Linea, zksync, Blast, and Manta, giving it a competitive edge. Zerolend not only offers account abstraction and gas-less transactions but also integrates real-world assets, expanding its utility beyond crypto. This feature has garnered significant attention and adoption among crypto enthusiasts. The availability of Zerolend's native token on the Bitget pre-market trading platform offers an opportunity for early investors to benefit from its expected bullish trajectory. Given its utility and positive investor sentiment, acquiring the token at a favorable price before official listing could be a strategic move. What are your thoughts on this exciting development?
-
Question
Bwizard
I noticed that if I right click the currency pair and select open in new window, I can right click the titlebar and obtain the EPIC for the spread bet so for GBP/USD it is https://demo-deal.ig.com/wtp/#/tearoff/market/CS.D.GBPUSD.TODAY.IP
I have also set up a node project using the API and am using the navigation endpoint. I can retrieve all EPICs that contain CFD so epic: 'CS.D.GBPUSD.CFD.IP',
How do I use the Navigation endpoint to get the spread betting epics for all the forex pairs. Do I just swap out CFD for TODAY? It would be good to get these returning through the api.
Thanks
Link to comment
1 answer to this question
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now