Stock market turning points  are we there yet?
By
Mercury,
in Indices and Macro EventsIndices and Macro Events

General Statistics

Total Topics17,313

Total Posts81,430

Total Members65,925

Most Online7,522
10/06/21 10:53


Posts

By CarlGustav · Posted
Gold makes fresh #Leg 1 to the downside while electing the MAJOR bearish reversal of 1836.10. The nearest bearish reversals starts at 1814.10 and presents the current trading range. 
Following on from with the NETW chart above showing the Gartley: Its VITAL for you to take the geometry 1 step further  you can wing it without, but to really nail things down, it would be prudent to understand and KNOW geometrical relationships I've worked out all the geometrical relationships for all the ratios So for example If a market retraces to a 61.8% level and a ABCD is working out, its highly probable that the CD leg will reach 161.8% of the AB leg from C  that's because 1.618 and 61.8% are linked intrinsically  61.8% is the INVERSE of 161.8% Take the NETW chart: Price retraced to exactly 50% level  this is NOT a Fib number its ratio related to the SQUARE  from the chart below have a stab in the dark of the number % that 50% is the Inverse of.............................................. That's right 200%  Once you know these ratios, you no longer have to scratch your head wondering why a market does things at certain levels Look how the market reacted once it balanced the prior main retracement of 50% at the 200% level  obviously important! Thought these markets were meant to be random????????????????????????????????????? The expectation would be a rally upwards from that zone THT

Hi @Irsa Welcome to the community and thanks for reaching out. Different types of leveraged products The majority of leveraged trading uses derivative products, meaning you trade an instrument that takes its value from the price of the underlying asset, rather than owning the asset itself. The main leveraged products are: 1. Spread betting (UK only) A bet on the direction in which a market will move, which will earn more profit the more the market moves in your chosen direction – but more loss if it goes the other way. 2. Contracts for difference (CFDs) An agreement with a provider to exchange the difference in price of a particular financial product between the time the position is opened and when it is closed. For more information on our leveraged products please kindly visit this link: What is leverage in trading and spread betting vs CFDs All the best  MongiIG

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