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By tradinglounge · Posted
ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED - NAB. In our Top 50 ASX Stocks forecasting service, NAB's price decline was accurately forecast, significantly reducing risk for investors. We are currently closely monitoring NAB for a further trading opportunity. ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (c)-purple of Wave ((iv))-green Details: The short-term outlook describes that waves ((i))-green through ((iii))-green have concluded, and wave ((iv))-green is now unfolding. A common retracement target for wave 4 is at the 0.382 level, so I anticipate that wave ((iv)) will continue to decline to lower levels, while prices consistently remain below 36.11, which would increase confidence in this perspective. Invalidation point: 29.84 ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 4-Hour Chart Analysis Function: Counter trend (Minuette degree, purple) Mode: Corrective Structure: Regular Flat Position: Wave v-blue of Wave (c)-purple Details: The short-term outlook suggests that the ((iv))-green wave is unfolding with higher detail. This could potentially be a Flat Correction (3-3-5) pattern, with waves (a) and (b)-purple already completed. Now, wave (c)-purple is likely to unfold, pushing lower. It is subdividing into five smaller waves, with at least waves i-blue to iv-blue identified. This implies that wave v-blue is completing its role. Following this, we may see the return of the ((v))-green wave pushing higher. Invalidation point: 33.67 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! -
Hi @Nate, Unfortunately, purchasing Gold on IG isn't available, even if it's digital gold that you can buy, hold, and later sell for updated rates. However, with IG, you can trade Gold on our CFD and Spreadbet platforms using Leverage/Margin and capitalize on price differences. You have the option for spot trading or trading futures, holding positions as long as you have sufficient funds to cover your Margin. It's important to note that with spot trading, you'll incur daily interest fees for the leverage used, whereas futures trading doesn't involve additional interest fees as they are covered within our spread. I agree that storing gold like Smaug isn't always ideal. You have to constantly worry about Dwarves, Elves, or even Hobbits! Jokes aside, you can research how to trade commodities on our platform with leverage and decide what suits you best. All the best, AshishIG -
Hi, Placed £200 in a Gold Future deal but when it slightly goes down in value my leftover funds are being used and my equity is raised. Why are my leftover funds being used? Can I not just put everything in gold and keep a 100% equity in the deal? wont loose money unless I sell right?
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relig
Hi - I am interested in index options (mainly the Dow/S&P500/Nasdaq) and I would find it useful to have information on "The Greeks", the ratios and percentages that options traders use when trading i.e. delta, gamma, theta. Other platforms that are more options-oriented have these built in but I can understand that this is not something that IG want to put in to their platform - and I can understand why because I imagine that it's quite a niche thing for their client base.
However, I wondered if anybody here is pulling options prices through the API and calculating the numbers themselves using a spreadsheet or some other app - the relevant formulas for the calculations are all out there on the web. I see that there are some sample apps in the API library but I don't have Excel because I use Libre Office Calc for my fairly basic spreadsheet needs, but I guess it could be done if you can hack the LibreCalc programming.
If anybody has tried this or has any thoughts or insight, I'd be interested to hear them.
Thanks.
R.
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