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What stock market it belongs to? Open Time/Close Time?
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Guest G_MANN,
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10/06/21 10:53
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Jerome Powell's rather more hawkish tone last night at the Fed decision caused a slump in US markets, and Asian stocks returned to the theme of losses seen earlier in the week. Markets now price in Fed rate cuts in September next year, a far cry from just a few months ago. The door was left open for another hike this year, in a nod to the surge in oil prices since the middle of the summer. Attention now shifts to the Bank of England; after yesterday's surprise weakness in UK inflation, market pricing is now split evenly between a hike and a pause. A hike today would mark the fifteenth consecutive increase in UK rates. Also on the calendar today are weekly jobless claims and existing home sales. -
By tradinglounge · Posted
AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 21 September 23 Australian Dollar/U.S.Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis Function: main counter Trend Mode: sideways in wave 4 of C Structure: Wave 4 of C Position: Main Red wave 2 Direction Next lower Degrees: blue wave 5 Details: blue wave 4 of C of 2 still in play as sideways. Wave Cancel invalid level: 0.61697 The AUDUSD Elliott Wave Analysis on 21 September 23, is conducted on the daily chart of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair. It utilizes Elliott Wave theory to provide insights into potential market movements. The Function assigned to this analysis is "main counter Trend," indicating its focus on identifying potential counter trend movements. In essence, the analysis aims to pinpoint opportunities for reversals or corrections against the prevailing market direction. The Market Mode is described as "sideways in wave 4 of C," signifying that the market is currently within a consolidation or corrective phase labeled as "wave 4 of C." Such sideways market modes are typically characterized by horizontal price movements, indicating a lack of clear trend direction. The Market Structure is identified as "Wave 4 of C," underscoring that the analysis is concentrated on the fourth wave within a larger wave sequence designated as "C." This understanding of the wave structure is crucial for identifying potential reversal or continuation points within the market. The Position specified within the Elliott Wave pattern is "Main Red wave 2," indicating that the analysis is focused on a specific sub-wave within the second major wave of the Elliott Wave sequence. This level of detail helps traders assess their position within the broader wave pattern. Regarding the Direction Next Lower Degrees, the analysis mentions "blue wave 5," suggesting that the next significant wave to anticipate is the fifth wave within the current wave structure. This implies that traders should monitor developments in wave 5 once wave 4 is completed. The Details section notes that "blue wave 4 of C of 2" is still in play and is exhibiting sideways price movement. Sideways phases often occur during market consolidation, where traders await a breakout or further confirmation of the trend direction. Furthermore, the "Wave Cancel invalid level" is identified at 0.61697. This level serves as a reference point for traders and can become significant in assessing potential changes in market dynamics. In summary, the AUDUSD Elliott Wave Analysis on 21 September 23, reveals that the market is presently in a corrective phase (wave 4 of C) characterized by sideways price movement. Traders should remain vigilant for potential developments in wave 5, which could offer clarity regarding the future trend direction. The Wave Cancel invalid level is a critical reference point for traders to monitor in their analysis. As in all trading, risk management is essential, and traders should complement their analysis with additional technical and fundamental insights to make well-informed trading decisions. Technical Analyst : Malik Awais -
By tradinglounge · Posted
AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 21 September 23 Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart AUDUSD Elliott Wave Technical Analysis Function: main counter Trend Mode: sideways in wave 4 of C Structure: Wave 4 of C Position: Main Red wave 2 Direction Next lower Degrees: blue wave 5 Details: blue wave 4 of C of 2 still in play as sideways. Wave Cancel invalid level: 0.61697 The AUDUSD Elliott Wave Analysis on 21 September 23, focuses on the 4-hour chart of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair. Utilizing Elliott Wave theory, this analysis aims to provide insights into potential market movements. The designated Function for this analysis is "counter Trend," indicating the primary objective of identifying potential counter trend movements. Counter-trend analysis seeks opportunities for reversals or corrections against the prevailing market direction. The Market Mode is identified as "sideways in wave 4," suggesting that the market is currently in a consolidation or corrective phase known as "wave 4." Sideways market modes are often characterized by horizontal price movements, where the market lacks a clear trend direction. The Market Structure is defined as "Wave 4 of C," highlighting that the analysis specifically focuses on the fourth wave within a larger wave sequence referred to as "C." Understanding the wave structure is essential for identifying potential reversal or continuation points within the market. The Position within the Elliott Wave pattern is noted as "Main Red wave 2," indicating that the analysis examines a specific sub-wave within the second major wave of the Elliott Wave sequence. This level of detail helps traders gauge their position within the broader wave pattern. Regarding the Direction Next Lower Degrees, the analysis mentions "blue wave 5," implying that the next significant wave to be anticipated is the fifth wave within the current wave structure. This suggests that once wave 4 is completed, traders may look for potential developments in wave 5. The Details section specifies that "blue wave 4 of C of 2" is still in play and is exhibiting sideways price movement. Sideways phases often occur when the market is consolidating and traders are waiting for a breakout or further confirmation of the trend direction. Additionally, the "Wave Cancel invalid level" is identified at 0.61697. This level serves as a reference point for traders and could become significant for assessing potential changes in market dynamics. In summary, the AUDUSD Elliott Wave Analysis on 21 September 23, indicates that the market is currently in a corrective phase (wave 4) with sideways price movement. Traders should remain watchful for potential developments in wave 5, which could provide clarity on the future trend direction. The Wave Cancel invalid level is a crucial reference point for traders to monitor in their analysis. As with all trading, risk management is essential, and additional technical and fundamental analysis should be used to make informed trading decisions.
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Question
Guest G_MANN
Hello, I just started using IG yesterday and I have a couple of basic questions I haven't been able to find in the Help Section. Hopefully you can give me a hand here!
Question number one: How do I know what stock market certain stock belongs to? NYSE, NASDAQ, etc...
Number two: I'm confused with the Open/Close Time. I live in the UK, and times do not match. For example, in the case of APPL, the time frame listed in the platform 9:00 to 1:00 UK Time. Shouldn't it say 14:30 - 21:00 instead?
Thank you in advance for your help!
Gustavo
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