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By tradinglounge · Posted
Silver Elliott Wave Analysis Function -Trend Mode - Trend Structure - Impulse for (A) Position - Wave 3 of (A) Direction - Wave 4 of (A) Details - Currently in wave 4 dip before further rallies for wave 5 of (A) higher. We should see one more leg lower for wave 4. Not much has changed since the last update. Silver has undergone an extension of its pullback phase since April 12th, 2024, and is now poised within the critical Fibonacci reversal territory. The prevailing trend unmistakably favors the bulls, and it's only a matter of time before its upward trajectory resumes. Amidst this phase, buyers are gearing up to reclaim dominance within the current reversal zone, a juncture demanding keen attention from retail traders. Within this discourse on commodities, our focus delves into both the long-term and near-term Elliott wave prognostications for Silver, emphasizing the pivotal reversal zones meriting trader scrutiny. Zooming into the daily chart, we observe a significant breakout from a protracted triangular formation, constituting part of a double zigzag structure stemming from the September 2022 low, where Silver traded at $17.56. Presently, the price action aligns within the intermediate wave (A) of the primary wave Y (circumscribed in blue). Wave (A) is unfolding into an impulsive sequence since late January 2024. Within the confines of wave (A), the ongoing descent constitutes wave 4. As wave 4 approaches its culmination, an anticipatory surge in wave 5 beckons, potentially propelling prices towards the 30 major level, or possibly even surpassing it. The pivotal query revolves around the termination point of wave 4. Shifting focus to the H4 chart, we discern wave 4 materializing into a zigzag pattern, suggesting potential support within the 100-138% Fibonacci extension levels, corresponding to the range of 26.86 - 26.07. Should the projection extend to 161.8% (25.6), the integrity of the zigzag structure may be compromised, potentially catalyzing a transition toward an impulsive decline. Consequently, an anticipatory rebound within this zone is anticipated. Presently situated within this crucial territory, the price trajectory might explore deeper depths, yet a decisive and vigorous recovery out of this zone remains imperative to facilitate the advancement into wave 5. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By Ryan_Anderson · Posted
Ryan Anderson: Evaluating AI Impact on Market Dynamics Building on the foundational understanding of artificial intelligence influence, Anderson further analyzes specific sectors where AI is making a tangible difference. He highlights C3.ai, a company specializing in AI solutions for real-world problems, as a crucial player in the market. Its ability to offer predictive maintenance for military aircraft and smart meter management for utilities exemplifies how AI can enhance operational efficiencies and drive growth. Furthermore, Anderson notes Microsoft strategic expansion into AI-enhanced cloud services. By leveraging AI, companies are not just improving their existing operations but are also setting the stage for new business models and revenue streams. For investors, this means that selecting stocks isn't just about looking at current profitability but understanding potential future gains from technological adoption. Ryan Anderson: Harnessing AI Investment Opportunities with OzFinTrade In the conclusion of his analysis, Anderson turns his focus towards practical investment strategies that leverage the insights discussed. He advises investors to look beyond the buzz and hype of AI to understand the fundamental value that these technologies bring to various industries. To facilitate this, he has developed the OzFinTrade app, a platform designed to provide investors with in-depth analysis and real-time market data, focusing particularly on companies leading the AI revolution. Anderson encourages investors to use the OzFinTrade app not just as a tool for tracking investments but as a resource for continuous learning and adaptation in a market that is increasingly driven by technological innovation. By integrating comprehensive market insights with user-friendly technology, Ryan Anderson OzFinTrade app endeavors to empower investors to capitalize on the AI-driven market trends that will shape the economic landscape of tomorrow. -
So , lool this chart
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Question
Guest goldin
Hi my MT4 platform won't let me execute any orders, I keep getting 'common error ' in the execution window when I place a trade
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