Jump to content

Hi IG Community


Recommended Posts

18 minutes ago, Sterling19 said:

Hi Everyone,

 

I am highly excited to be part of this community forum. I would like to travel with you all in my journey . I am a novice here. Thanks for reading my post.

Thanks heaps

Dear @Sterling19,

Thank you for your post and welcome to the IG community!

We are glad to have you here. 

Thanks,

KoketsoIG

Please rate us on Trustpilot: IG Trustpilot 

Link to comment

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Over the past year, TON has enjoyed quite a remarkable growth across several metrics, growing significantly in user growth, wallet addresses, ecosystem expansion and so on. While there are several reasons behind this growth, in my opinion Telegram integration, user engagement, innovative incentives, and strategic partnerships have being crucial. For instance, putting strategic partnerships in context, TON is currently enjoying a $20m ecosystem fund from Bitget, as the exchange continues to drum support for TON projects in their infancy. In another show of support, Bitget x TON AMA will be launched to lead both existing and potential new users into gaining valuable insights in the TON ecosystem with industry leaders and experts in attendance. Whether it's an avenue for more insight on the ecosystem or a platform for discussing the benefits of this collabo is yet to be known.
    • Copper Elliott Wave Analysis Function - Counter-Trend Mode - Impulse wave a of (IV) Structure - Impulse wave Position -Wave (B) of b Direction - Wave (C) of b Details - The count now favors at least an (A)-(B)-(C) bullish correction with wave (A) appears to have been completed. The current wave (B) dip is close to completion ahead of further surge for wave (C) if 4.325 is not breached. As an Elliott Wave analyst, the recent movements in the copper market present a compelling scenario. Since May 17th, 2024, copper has declined nearly 14%, correcting the robust rally that began in October 2023. This correction appears to be forming a 3-swing chart structure, with a potential for further downside before resuming the long-term uptrend. However, caution is advised for buyers as the commodity may continue its corrective decline for several more weeks.   Copper Daily Chart Analysis On the daily chart, we anticipate a 3-wave decline from the high in May 2024, labeled as waves a-b-c of the cycle degree, to complete wave (IV) of the supercycle degree. Wave a seems to have completed, and the price is now correcting upwards for wave b. Within wave b, the first sub-wave has finished, and the second sub-wave is nearing completion. We expect one more leg higher, potentially reaching a fresh high since July 2024, before the price resumes its larger bearish correction towards the $3.75-$4.00 range.   Copper H4 Chart Analysis The H4 chart provides a detailed view of wave b, which started at 4.325. The current dip for wave (B) of b is expected to find support above this level. Subsequently, we anticipate an upward break toward the 4.8-5.0 range, where wave (B) of c may complete. Following this, the price is likely to turn lower again.   Trading Path Short-term traders should consider buying along the path of wave (C), taking advantage of the anticipated upward movement. Swing traders, on the other hand, should wait for the conclusion of wave (C) to complete the cycle degree wave b, then sell along the path of wave c towards the $4.00 mark.   Summary In summary, the Elliott Wave analysis suggests that copper is amid a corrective decline from its May 2024 high, with the potential for further downside before resuming its long-term uptrend. The key levels to watch include the 4.325 support level for wave (B) of b and the 4.8-5.0 range for the completion of wave (B) of c. Short-term traders may find buying opportunities along wave (C), while swing traders should prepare to sell after wave (C) completes, targeting the $4.00 mark. This analysis highlights the importance of closely monitoring wave structures and key price levels to anticipate future movements in the copper market. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!  
    • PANW Elliott Wave Analysis Trading Lounge Daily Chart, Palo Alto Networks Inc.,( PANW) Daily Chart  PANW Elliott Wave Technical Analysis FUNCTION: Counter Trend  MODE: Corrective  STRUCTURE: Flat  POSITION: Minor C.   DIRECTION: Top in wave C.    DETAILS: Looking for completion of Minor wave C to then continue lower in the overall correction in Primary wave 4.    PANW Elliott Wave Analysis Trading Lounge 4Hr Chart, Palo Alto Networks Inc., (PANW) 4Hr Chart  PANW Elliott Wave Technical Analysis FUNCTION: Counter Trend  MODE: Corrective  STRUCTURE: Flat  POSITION: Wave {iv} of C.   DIRECTION: Upside in wave {v}.  DETAILS: Looking for another leg higher into wave {v} towards 350$, as we seem to be in a corrective mode in wave {iv}.    Welcome to our latest Elliott Wave analysis for Palo Alto Networks Inc. (PANW). This analysis provides an in-depth look at PANW's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on PANW's market behavior.   * PANW Elliott Wave Technical Analysis – Daily Chart*  The daily chart suggests that we are looking for the completion of Minor wave C, which would signify the end of the current corrective phase. Following this, we anticipate further downside movement as the overall correction in Primary wave 4 continues. Traders should be alert for signs of a top in wave C, which could indicate the resumption of the downtrend.  * PANW Elliott Wave Technical Analysis – 4Hr Chart*  The 4-hour chart indicates that we are currently in wave {iv} of C, which appears to be in a corrective mode. We expect another leg higher into wave {v}, targeting around $350. This upside move in wave {v} would likely complete the corrective phase before a potential resumption of the downtrend.    Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us