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Hi @Franswa38, Can you please confirm the opening price and the price at the time you took this screenshot? If the position is up by 42 pips and you are trading at $5 per pip, the amount shouldn't be that low. Do you have a screenshot that includes the price? Also, do you know the time this screenshot was taken? Regards, AshishIG

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd April 2024. These are projected dividends and are likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See the full non-independent research disclaimer and quarterly summary.

Stock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical Analysis In our ongoing Elliott Wave analysis of key indices, including the S&P 500 and NASDAQ 100, it appears that the markets have not yet bottomed out. I plan to carefully watch for signs of support formation later on Thursday, which could signify reaching the lows. It's crucial to then observe whether the trading on Friday closes higher. Should this pattern not emerge, we might have to brace for a more extensive corrective phase. Consequently, I'll avoid making any hasty bearish moves and will instead monitor the market's performance towards the end of the week before making any trading decisions. Video Chapters 00:00 SP 500 (SPX) 03:12 NASDAQ (NDX) 10:00 Russell 2000 (RUT) 12:42 DAX 40 (DAX) 16:33 FTSE 100 UKX (UK100) 18:48 S&P/ASX 200 (XJO) 23:11 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com

Am on Long way up almost 42 pips and my profit is @ 9usd..Surely yet am on a 5 usd/per pip whats going on?

Two days? That's what you are basing your predictions on?

Yesterday, the market was divided, so I stayed out. Today, I predicted that there would be a relief rally on DAX (Germany) 40 in the morning. Therefore, I went long at the cash open and made 170 points. Did anyone else have a similar experience?

I've always found the idea of combining Web3 and real estate intriguing. Now, with Parcl Protocol from Parcl Labs, that curiosity is becoming tangible. This platform offers a new approach to investing in real estate prices from cities like Miami Beach and New York, using current price data. What makes Parcl unique is its emphasis on decentralized real estate trading. It enables the buying and selling of real estate assets anytime, anywhere, through a decentralized exchange.If you are holding PRCL their native token you can participate in governing the Protocol. Plus, there are perks like Perpetual Network Incentives, offering extra benefits to users. The numbers tell an impressive story: Parcl Protocol is a notable DeFi app in the Solana ecosystem, with over $180M+ locked in. In a short span, it has facilitated trades of over 2.1M square feet of real estate exposure, equivalent to 1,400+ properties.The total traded volume? A significant $940M+.with tokens listing on exchanges like Bitget, the platform's reach and potential only continue to grow, Could Parcl be a game-changer in real estate? (Edited)

Calling all crypto traders! Gear up for an epic month of rewards with Bitget’s April Trading: Chase the 1 BTC Halving Treasure campaign. Uncover hidden riches across three exciting activities. Ready to embark on your treasure hunt? Start trading here:https://www.bitget.com/register Campaign Period: Throughout April (specific dates may apply for each activity, see details on Bitget website) Don’t miss out on this chance to win big with Bitget’s April Trading campaign

Parcl Labs' decentralized perpetuals exchange, Parcl (PRCL), has carved a unique niche in the DeFi space. Focused on real estate synthetics, Parcl allows users to gain exposure to the price movements of real-world cities like Miami Beach and New York through cutting-edge, real-time price feeds. This innovative approach has propelled Parcl to the top spot in terms of Total Value Locked (TVL) within the Solana ecosystem, exceeding a staggering $180 million. Parcl's success is further demonstrated by the impressive activity on its V3 exchange. Within a few short months, users have facilitated the trading of over 2.1 million square feet of notional real estate exposure, equivalent to over 1,400 physical properties. The total notional volume traded on V3 to date surpasses a remarkable $940 million. Additionally, the PRCL token itself is listed on the Bitget exchange, providing further accessibility and potential for the project.

The fragmentation brought on by rollups is the most significant threat to Ethereum. Rollups are becoming increasingly popular, which is splitting Ethereum users and their funds into siloed ecosystems, weakening the network’s overall impact as a result. Omni's mission is to resolve this by combining every rollup into a unified, interoperable network. Built for optimal security, Omni establishes a novel kind of high performance blockchain using restaking. By utilising Ethereum's security features along with a speed-optimized chain, the network is enabled to function as the integration infrastructure for the whole rollup ecosystem. Its innovative architecture grants developers access to a new design space, enabling them to create global apps across all rollups that benefit from fundamental economic advantages. At the platform’s DAO and PoS mechanism lies the native $OMNI token, designed to grant access to decentralized voting, pay fees, and reward node runners within the network. OMNI holders will also enjoy other utilities as the Protocol matures including governance decisions such as network upgrades and launch of new developer features. $Omni boasts of key highlights such as low inflation rate, relatively low Initial Market Cap/Fully Diluted Valuation ratio etc. Could this culminate in an impressive rally when listing goes live on Bitget on 17th April,12:00 UTC?

Ore Mission Halts Mining: Due to Solana network congestion, Ore has stopped mining activities temporarily. Price Impact: Ore's price surged to over $300 post-announcement, while Solana dipped to $127. Ore's Distribution Mechanism: Ore used a PoW method on Solana for fair cryptocurrency distribution. Solana's Challenges: Solana faced transaction scheduling issues, with up to 75% of transactions failing. Revamp Plans: Ore will revamp its system for better efficiency and incentives for token holders. Future Plans: Ore's v2 will align with Solana's upgrades, with existing tokens upgradable to the new version.

Unlocking Real Estate Investment with Parcl: A Decentralized Perpetuals Exchange Embark on a revolutionary journey in real estate investment with Parcl, developed by Parcl Labs. This innovative platform offers users the unique opportunity to gain price exposure to real-world cities like Miami Beach and New York, leveraging cutting-edge, real-time price feeds. With Parcl (PRCL), investors can access a decentralized perpetuals exchange specifically designed for real estate synthetics, opening up new avenues for diversification and growth in the digital asset space. At the core of Parcl's innovation lies its ability to bridge the gap between the digital and physical worlds. By providing users with access to real-time price feeds for prestigious real estate markets such as Miami Beach and New York, Parcl enables investors to gain exposure to these coveted assets without the need for direct ownership. With transparent and reliable price data, users can make informed investment decisions and capitalize on opportunities in the real estate market. Parcl stands as a pioneer in the realm of decentralized finance (DeFi) with its decentralized perpetuals exchange for real estate synthetics. By tokenizing real estate assets, Parcl allows investors to trade perpetual contracts that track the price movements of these assets, offering a flexible and efficient way to gain exposure to the real estate market. With Parcl, investors can trade real estate synthetics seamlessly, without the limitations of traditional real estate investment. Excitement mounts as Parcl (PRCL) makes its debut on Bitget Exchange, providing users with a trusted platform to trade and engage with real estate synthetics. This listing not only enhances Parcl's visibility but also opens up new avenues for investors to participate in the digital real estate market. As Parcl continues to disrupt the traditional real estate investment landscape, its listing on Bitget Exchange marks a significant milestone in its journey towards broader recognition and adoption.

Also, for smoother ID verification in the future, you might want to explore using an ID Verification API. It could streamline the process and make things easier for you. Hope this helps, and good luck!

Massa is making a name for itself in the blockchain world with its innovative approach. Massa's unique blockclique architecture allows it to process a staggering 10,000 transactions per second while maintaining decentralization across thousands of nodes. This translates to a faster, more inclusive network for users. Massa introduces Autonomous Smart Contracts (ASCs), which can perform actions automatically without external triggers. Massa's testnet boasts over 8,000 nodes, and its social media following is booming. Collaborations with Starknet, Umbrella, and Hyperlane further solidify Massa's position in the industry. Over 100 investors, including prominent names like Blueyard and TRGC, have backed Massa. Additionally, the Quest Dashboard campaign introduced over 70,000 users to the ecosystem, highlighting its expanding reach. Massa has also been listed on the Bitget exchange, increasing its accessibility and a wider adoption rate. With its impressive features, growing community, and investor backing, Massa presents a compelling case for becoming a major force in DeFi. What are your thoughts on Massa's approach? Do you think autonomous smart contracts will revolutionize DeFi? Share your thoughts in the comments below!

Since the previously traditional practices of the art industry are being reformed, transparency has become the watchword of the art market. The art world as a whole, comprising buyers, collectors, and artists, have called for increased transparency and accountability. Artrade aims to champion this shift by harnessing the transformative capabilities of blockchain technology to fortify every transaction. Known to promote decentralization, the team of Artrade hopes to leverage on this core blockchain feature to eradicate intermediaries, streamlining the exchange process as a result, and eliminating vulnerabilities linked to third party involvement. Also leveraging on Blockchain transparency and auditability, Artrade will look to offer participants a crystal view of the market’s transactions, instilling trust among buyers and sellers and making the art world more equitable and accessible. Where liquidity had been an issue, Artrade’s innovative integration of NFT technology will profer solution by facilitating direct and secure transactions between participants, paving the way for a seamless exchange and liquidity boost. Establishing a mechanism for community-driven decision-making is the integration of Artrade utility token $ATR which is set to list on Bitget, and will engage holders in the project’s success and governance. Transparency in the art world helps to promote ethical and fair transactions, raise trust and confidence, and tackle issues such as fraud and money laundering. The ideal solution to the transparency challenges in the art world?

In a bid to ensure the widespread use of cryptocurrency, certain platforms have come up with good initiatives to boost enthusiasm in cryptocurrency. Bitget in an effort to achieve this have come up with an initiative known as the COO apprenticeship, this is in link with the platform’s #Blockchain4Youth initiaitve. Basically, the program requires eligible participants to collaborate closely with the team while gaining valuable leadership experience in the process. Similarly, they are also required to conduct market research as well as assist in the implementation of market strategies. The prerequisites for participating are relatively easy; excellent communication skills, passion for crypto, blockchain tech as well as availability for a 3 month commitment with the possibility of travelling to Dubai. The benefits tagged along this are overwhelming, you get gifts from Bitget in the form of monthly $BGB airdrops and Bitget Merchandise. Apart from being rewarded monetarily, the work experience, a widened horizon etc are part of the perks that come with this program. However, the targeted regions for the program are; France, Germany, italy, Spain, Portugal and the UK. This is indeed a worthwhile opportunity for those that can participate.

GX Uranium ETF (URA) Elliott Wave Analysis Function - Counter trend Mode - Corrective Structure - Emerging Zigzag Position - Red wave (C) of blue 4 Direction - Red wave (C) of blue 4 is still in play Details - Price broke blow 30. Wave (C) was confirmed by the break below 29.26. Should extend toward 25.94. The GX Uranium ETF is an exchange-traded fund (ETF) that focuses on investing in companies involved in the uranium industry. Uranium is a key component in nuclear power generation, and its demand is influenced by factors such as global energy needs, environmental concerns, and government policies regarding nuclear power. Recent market movements have seen the GX Uranium ETF undergo a bearish correction, with a decline exceeding 5% over the current trading week. This downturn commenced on February 1st, 2023, and is anticipated to persist in the short term before encountering a support level, heralding the onset of renewed upward momentum. Notably, this correction unfolds within the broader context of a bullish trend that commenced in March 2022. Despite enduring an over 8-month pullback between November 2021 and July 2022, the ETF has steadily ascended, reaching its loftiest valuation since April 2014. Consequently, post the prevailing retracement, a resumption of the bullish trajectory is anticipated. Analyzing the daily time frame reveals a discernible bullish impulse of the cycle degree (marked in blue) after the supercycle wave (b). The termination of the 3rd wave - designated as blue wave 3 - occurred in February 2023, characterized by a diagonal pattern, followed by the onset of the corresponding 4th wave. This 4th wave manifests as a zigzag pattern, navigating through wave (C) after completing wave (B) via an expanding diagonal. To maintain the integrity of the overall impulse structure, the 4th wave - delineated as blue wave 4 - must remain above the critical level of 24.36. Expectations converge on buyers eagerly awaiting the conclusion of wave (C) to propel the bullish momentum into the 5th wave. Examining the H4 chart illuminates the sub-waves of (A)-(B)-(C) and the emergence of wave (C). The initial target for wave (C) aligns with the 100% extension of wave (A) at 25.94, slightly above the psychological barrier of 25. Traders are thus advised to anticipate the culmination of wave (C) within the 25.94-25 zone, paving the way for subsequent rallies. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

Greetings All I am curious as to how an instrument's price varies (oscillates) over time when (according to the platform) there has not been any volume traded on the instrument? Insight will be greatly appreciated.

Explore how the approval of Bitcoin ETFs by the US SEC opened unprecedented doors for investors and how this pivotal change is set to revolutionise cryptocurrency investing. Source: Bloomberg IG Analyst Let's peel back some of the mystery around the recent news propelling bitcoin into the spotlight - the new crypto exchange-traded funds (ETFs). Cryptocurrency is digital money secured by a specific type of public ledger called blockchain. Without a governing body like a government, a public digital ledger transparently records peer-to-peer transactions. Bitcoin, launched in 2009, became the first widely adopted cryptocurrency. Because the number of coins is limited, bitcoin has become a tempting speculative investment. A historic milestone: the approval of bitcoin ETFs by the SEC On January 10th 2024, the U.S. Securities and Exchange Commission (SEC) marked a significant milestone in the cryptocurrency world with the approval of 11 spot bitcoin exchange traded funds (ETFs). This includes offerings from fund titans BlackRock and Fidelity. This move is set to potentially transform the landscape of cryptocurrency investing and open new opportunities for traders. To understand the impact of this development, it is essential to grasp what spot ETFs are. A spot ETF is a type of fund that directly tracks the current, or 'spot', price of an asset and in this case, bitcoin (BTC). Unlike futures-based ETFs, which are tied to contracts betting on the future price of an asset, spot ETFs are backed by the actual price of the asset itself. Boosting confidence in Bitcoin investments This means that when you invest in a spot bitcoin ETF, the fund purchases actual bitcoin, and the value of your investment fluctuates with the real-time price of bitcoin in the market. These bitcoins are held by a custodian. Coinbase is the custodian for eight of the 11 spot bitcoin ETFs. The introduction of spot bitcoin ETFs is a game-changer because it provides a bridge between the traditional financial world and the burgeoning crypto market. For traders, this means easier access to bitcoin investments without the complexities and security concerns of managing a digital wallet or trading on a cryptocurrency exchange. Liquidity, price stability and broader adoption One of the most significant advantages of these ETFs is the potential for increased liquidity and price stability. As more institutional and retail investors gain exposure to bitcoin through these funds, trading volumes are expected to rise. This could lead to a more stabilised market with less price volatility, which is beneficial for traders who seek to capitalise on incremental price movements. Moreover, spot bitcoin ETFs could also lead to broader adoption and acceptance of bitcoin as a legitimate asset class. With the SEC's stamp of approval, investor confidence in bitcoin could grow, potentially leading to increased demand and, consequently, higher prices. This parallels the journey of gold ETFs, which increased gold demand substantially and reduced volatility long term. Bitcoin ETFs vs. futures contracts Bitcoin ETFs make investing in bitcoin much more accessible to casual traders and retail investors. While futures contracts based on the price of bitcoin require oversight of settlement dates and delivery complexities, an ETF trades like a stock. It simply tracks an underlying index price -- in this case, bitcoin spot price. The bitcoin ETF offers simple exposure tied to bitcoin's price swings without needing to directly buy crypto from an exchange or wallet and take on the hassles of storage and security. You can buy and sell the ETF seamlessly like stocks from a standard brokerage account. The ETF format opens the door to mainstream investment funds, retirement accounts like 401ks, and amateur stock dabblers -- not just specialised futures traders. This instantly widens the pool of potential bitcoin investors dramatically. The ETF coincides with another important moment for bitcoin prices: halving day. Bitcoin halving day explained Bitcoin mining is how new coins are created and verified transactions are added to the blockchain ledger. Miners compete to solve complex maths puzzles and earn rewards for each block added. Originally, successful bitcoin miners were rewarded 50 BTC per block, an incentive for mining activity. However, bitcoin has a hard cap of 21 million total coins that can exist. To ensure controlled supply until the cap is reached, mining rewards decrease by 50% every 210,000 blocks mined. This pre-set halving of mining rewards happens approximately every four years, with the next halving day estimated to be in April 2024. When halving days reduce the supply of new bitcoins flowing in, simple economics kicks in. All else being equal, when supply drops but demand keeps growing, prices tend to rise. The anticipation of this can spur speculative investing leading up to the halving day. Impact of halving day on supply and prices Even without the ETF news, bitcoin's next 'halving day' in April 2024 suggests this built-in increasing scarcity could drive prices up in the coming years. Of course, cryptocurrencies still come with plenty of risk and uncertainty. But the possibility of more investors and financial giants embracing bitcoin and its derivatives indicates prices could continue climbing. For intrepid investors, crypto ETFs offer a simpler way to stake your claim! This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

TJX Elliott Wave Analysis Trading Lounge Daily Chart, April 17 2024 The TJX Companies Inc., (TJX) Daily Chart TJX Elliott Wave Technical Analysis FUNCTION: CounterTrend MODE: Corrective STRUCTURE: ZigZag POSITION: Minute wave {iv}. DIRECTION: Bottom in wave {iv}. DETAILS: As we seem to be unfolding in Minor wave 5, we have found resistance at TL1 at 100$, and we will not look for long trades before we will found support on 100$. TJX Elliott Wave Analysis Trading Lounge 4H Chart, April 17 2024 The TJX Companies Inc., (TJX) 4H Chart TJX Elliott Wave Technical Analysis FUNCTION: CounterTrend MODE: Corrective STRUCTURE: ZigZag POSITION: Wave (c) of {iv}. DIRECTION: Bottom in wave (c). DETAILS: I outlined equality of wave {ii} and {iv}, as correction of the same degree will tend towards equality, at 89$. We can clearly we demand at that level, looking to see at least a reaction. Here's an Elliott Wave perspective on The TJX Companies Inc. (TJX) as of April 17, 2024, detailed through analyses on both the daily and 4-hour charts: * TJX Elliott Wave Technical Analysis – Daily Chart* TJX is currently positioned in a countertrend, corrective phase under a ZigZag structure, specifically in Minute wave {iv}. This indicates a potential bottom forming in wave {iv}. Currently, resistance was encountered at TL1, located at $100. The analysis suggests caution, recommending against initiating long positions until a support is clearly established at or near $100, indicating the completion of wave {iv} and a potential setup for the subsequent upward move in Minor wave 5. * TJX Elliott Wave Technical Analysis – 4hr Chart* On the 4-hour chart, TJX is seen in the final stages of its corrective phase, specifically in wave (c) of {iv}. This detailed view continues with the ZigZag corrective pattern, focusing on the price action towards a potential bottom. The chart notes the price target of $89, where the wave (c) could find equality with wave (ii) — a common scenario in corrections of the same degree. There's a noted demand at this level, suggesting that a reversal or significant reaction could be expected soon. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

By leveraging world-class real estate data, the Parcl protocol aims to address the illiquid nature of the traditional real estate market and provide a more accessible and transparent option for investors. Parcl's mission is to create a decentralized exchange specifically designed for real estate synthetics, allowing users to gain price exposure to some of the world's most coveted real estate markets, such as Miami Beach and New York. One of the key features that has the Parcl community abuzz is the project's impressive achievements. Parcl has already become the top novel DeFi application on the Solana ecosystem in terms of Total Value Locked (TVL), with over $180 million locked in the protocol. The Bitget listing of PRCL presents an exciting opportunity for users to engage with this groundbreaking DeFi protocol. To celebrate the integration, Bitget has launched the "CandyBomb" event, where users can participate in various tasks to earn a share of $22,000 worth of PRCL tokens. This event not only rewards early adopters but also serves as an incentive for new users to discover the power of Parcl's decentralized real estate exchange.

Mainland Chinese stock markets bucked the broader selloff trend in Asian markets on Wednesday. China's CSI 300 index rose 0.5%, while the CSI 2000 small-cap index surged 5.3%. This came after the Chinese securities regulator stated that companies not complying with calls to increase dividend payouts will not face mass delistings, providing relief. In contrast, Japan's Topix index fell 0.9% despite strong March trade data showing rising exports. UK inflation data showed consumer prices rose 3.2% annually in March, higher than expected at 3.1%, renewing debate on when the Bank of England may start cutting rates. Core UK inflation eased to 4.2% from 4.5% in February but was still above the 4.1% forecast. In the US, stocks closed lower for the third straight session on Tuesday. The S&P 500 slid 0.2% and Nasdaq lost 0.1% after Fed Chair Powell warned rates may need to stay higher for longer to tame inflation.

GBPJPY Elliott Wave Analysis Trading Lounge Day Chart, British Pound/Japanese Yen(GBPJPY) Day Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:corrective STRUCTURE: black wave A POSITION: red wave 4 DIRECTION NEXT HIGHER DEGREES:black wave B DETAILS: red wave 3 completed at 193.567, now black wave A of 4 is in play. Wave Cancel invalid level: 193.567 The GBP/JPY Elliott Wave Analysis for the daily chart offers insights into the potential price movements of the British Pound against the Japanese Yen, utilizing Elliott Wave principles for technical analysis. Identified as a "Counter Trend," the analysis suggests that the current market movement is contrary to the prevailing trend. This indicates that the GBP/JPY pair may be undergoing a temporary corrective phase against the dominant trend direction. Described as "Corrective" in mode, the analysis indicates that the current market movement exhibits characteristics of a corrective wave. This suggests that the ongoing price action may represent a temporary pause or retracement within the broader trend. The "STRUCTURE" is labeled as "black wave A," providing clarity on the current phase of the Elliott Wave cycle. This assists traders in understanding the nature of the corrective movement and its potential impact on future price action. Positioned as "red wave 4," the analysis highlights the specific phase of the Elliott Wave cycle within the current corrective movement. This suggests that the market is currently in the fourth wave of the larger corrective sequence, indicating a temporary counter-trend movement. In the "DIRECTION NEXT HIGHER DEGREES" section, the analysis mentions "black wave B," indicating the anticipated direction for the subsequent higher-degree wave within the Elliott Wave cycle. This suggests that the market may experience a subsequent corrective phase following the completion of the current corrective wave. The "DETAILS" section notes that "red wave 3 completed at 193.567, now black wave A of 4 is in play." This suggests that the previous corrective wave has concluded, and the market is now in the initial phase of the current corrective movement within the broader fourth wave. Additionally, the wave cancel level is noted at 193.567, serving as a reference point for invalidating the wave count. Traders may use this information to assess potential trading opportunities and manage risk accordingly. GBPJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, British Pound/Japanese Yen(GBPJPY) 4 Hour Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE:impulsive STRUCTURE: red wave 1 POSITION: blue wave 3 DIRECTION NEXT HIGHER DEGREES:red wave 2 DETAILS: blue wave 2 looking completed at 192.837, now red wave 1 of blue wave 3 is in play. Wave Cancel invalid level: 193.567 The GBP/JPY Elliott Wave Analysis for the 4-hour chart provides insights into potential price movements of the British Pound against the Japanese Yen, utilizing Elliott Wave principles for technical analysis. Identified as a "Trend," the analysis suggests that the prevailing market direction aligns with the broader uptrend. This indicates that the GBP/JPY pair may be experiencing a sustained movement in the direction of the dominant trend. Described as "Impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of an impulsive wave. This suggests a strong and decisive directional move in the GBP/JPY pair, typically associated with the continuation of the underlying trend. The "STRUCTURE" is labeled as "red wave 1," providing clarity on the current wave count within the Elliott Wave cycle. This assists traders in understanding the ongoing impulsive movement and its alignment with the broader trend. Positioned as "blue wave 3," the analysis highlights the specific phase of the Elliott Wave cycle within the current impulsive movement. This indicates that the market is currently in the third wave of the larger impulsive sequence, suggesting a strong directional move. In the "DIRECTION NEXT HIGHER DEGREES" section, the analysis mentions "red wave 2," indicating the anticipated direction for the subsequent higher-degree wave within the Elliott Wave cycle. This suggests that the market may experience a temporary corrective phase following the completion of the current impulsive wave. The "DETAILS" section notes that "blue wave 2 looking completed at 192.837, now red wave 1 of blue wave 3 is in play." This suggests that the previous corrective wave has likely concluded, and the market is now in the first wave of the current impulsive movement within the broader third wave. Additionally, the wave cancel level is noted at 193.567, serving as a reference point for invalidating the wave count. Traders may use this information to assess potential trading opportunities and manage risk accordingly. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Experience the future of blockchain with Omni Network, a Layer 1 blockchain powered by the innovative dual Proof of Stake mechanism of restaked ETH and the native $OMNI token. This groundbreaking approach not only enhances the security and efficiency of the network but also lays the foundation for a seamless interoperability ecosystem. At the core of Omni Network's innovation lies its ability to deploy Omni rollup smart contracts, enhancing the interoperability of Ethereum Layer 2 solutions. By unifying these solutions into a single mechanism, Omni Network streamlines operations and unlocks new possibilities for developers and users alike. With Omni rollup smart contracts, the potential for decentralized applications and solutions knows no bounds. Driving the Omni Network ecosystem is the native $OMNI token, serving as the cornerstone of the platform's DAO and Proof of Stake mechanism. $OMNI token holders enjoy decentralized voting rights, utilize the token to pay fees, and participate in rewarding node runners within the network. As the lifeblood of Omni Network, the $OMNI token plays a crucial role in shaping its governance and operation. Excitement reaches new heights as Omni Network (OMNI1) prepares for listing on Bitget Exchange on April 18th at 12 UTC. This milestone event not only amplifies Omni Network's visibility but also provides traders and investors with a trusted platform to engage with its native token. As Omni Network continues to redefine the landscape of Layer 1 blockchain, its listing on Bitget Exchange marks a significant step forward in its journey towards broader recognition and adoption.