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Aus200 major drop


Guest roddersm70

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Guest roddersm70

What happened today with the IG price at exactly 9.50am March 12th. It dropped over 300 points to 5700 then came straight back. IG charts have now corrected this but the IG feed into ProRealTime still shows it clearly!!!

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    • No I simply mean a borrowing facility, a loan, secured against my shares portfolio on IG 
    • Natural Gas Elliott Wave Analysis - prices approach key resistance zone Function - Trend Mode - Impulsive Structure - Impulse Wave Position - Black wave 4 of red wave (3) Direction - Black wave 5 of  red wave (3) Natural Gas (NG) prices are approaching a significant resistance zone that could attract sellers in the coming days and weeks. Over the past two weeks, the commodity has been moving upward to correct the long-term bearish trend that began in August 2022 when it was trading at only $10. Unless there is a violation, this bearish trend should continue. The key question is where this correction will ultimately end - most likely at important price confluence zones shown on the charts. Looking at the daily chart, the bearish trend is clear. The 4th wave (in blue) of the bearish impulse wave trend ended at 3.666. The 5th wave has already begun and is currently unfolding. Detailed analysis reveals that blue wave 5 is completing the red sub-wave (3). As expected, the red wave (3) is further dividing into an impulse wave, which is currently completing its 4th sub-wave represented by the black wave 4. Once wave 4 comes to an end, we can expect another downward movement for wave 5 of (3). Based on the daily chart, it appears that the decline in NG since 2022 is in its final stage and could reach its lowest point in the coming months. Meanwhile, by examining the H4 chart, we can understand how and where we can potentially participate in the next sell-off for wave 5 of (3). On the H4 chart, wave 4 subdivides into a 3-wave correction, specifically the blue wave (a)-(b)-(c). Interestingly, we have identified a confluence zone at 1.94-2, where a psychological level, a Fibonacci level, and a resistance level coincide, indicating the potential end of wave 4. The validity of the bearish impulse wave (3) will be in jeopardy if the price surpasses 2.32. To summarize, according to the Elliott wave theory, the current bounce in NG is considered a corrective move within a bearish impulse wave. As the price approaches a crucial resistance zone, traders and investors can anticipate the sellers taking control once again and pushing the commodity towards 1.2. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!      
    • Dear @tonybyrne, Thank you for reaching out and welcome to the IG community! Just to clarify, are you asking about collateral services? Please note that we do not offer collateral services on smart portfolio accounts. This service is for professional clients when they are trading on leveraged accounts (spread bets and CFDs). Thanks, KoketsoIG
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