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Dow, Nasdaq 100 and Nikkei 225 make headway off recent lows The selling in indices has stopped for now, with major markets higher after finding at least a short-term low last week. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Tuesday 23 April 2024 13:38 Dow recovery goes on The index continues its recovery from the lows of last week, and Monday’s session saw it move back above the 100-day simple moving average. The flood of major earnings over the coming two weeks may mean that the index experiences a more volatile period, even if it does continue to rebound. Further gains target 39,000, which provided some resistance earlier in the month, and then on to 40,000. A close back below 38,000 could suggest the price will head back towards 37,500, retesting last week’s low. Source: ProRealTime Nasdaq 100 braces for big tech earnings The pullback in the index paused yesterday, as the price reached 17,000. A small gain helped to suggest that a low may be forming. The big tech earnings that dominate this week and next may mean that the index struggles in the short-term, though with the percentage of index members below their 20-day SMA hitting 5% last week a short-term bounce still seems likely. A close above 17,415 and the 100-day SMA helps to build a short-term bullish view. Sellers will want to see a close back below 17,000, which could then open the way to the January low at 16,177. Source: ProRealTime Nikkei 225 returns to 100-day SMA As with other indices, the Nikkei 225 has seen its pullback pause over the past three sessions. Buyers appeared last week when the index dropped below 37,000, and the index then pushed back to the 100-day SMA. A close above the 100-day SMA would add strength to the bullish view, while the price then targets the early April highs around 39,860. 37,000 continues to hold as support for now, so a break below here is needed to put the bearish view back on track. Source: ProRealTime

While the price of crude oil stabilises, gold and silver prices fall sharply De-escalation in the Middle East leads to risk on sentiment and flows out of save haven commodities such as precious metals. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Tuesday 23 April 2024 13:23 Brent crude oil price recovers slightly from near one-month low The Brent crude oil price’s sharp decline from its 91.67 mid-April high to Monday’s 85.21 near one-month low amid de-escalation in the Middle East has been followed by a minor bounce which so far remains tepid and below the 87.11 mid-March high, though. Were 85.21 to give way, the key mid-November-to-early March previous resistance area, now because of inverse polarity a support zone, at 84.58 to 83.79 would probably be tested. Source: ProRealTime Gold price plunges to three-week low as geopolitical tensions ease Spot gold is on track for its second straight day of losses, having so far fallen by around 5% from its mid-April $2,431 per troy ounce record high, as tensions in the Middle East ease. A potential downside target is seen at the 5 April low at $2,268. If fallen through, a more significant correction might take the precious metal price to its 20 March $2,223 high. Minor resistance sits between its mid-April low and Tuesday’s intraday high at $2,335. Further minor resistance can be spotted at the 17 April $2,354 low. Source: ProRealTime Silver price comes off its three-year high The spot silver price is seen coming off its $29.79 per troy ounce mid-April high, a level last traded in February 2021, towards its 5 April low and the February-to-April uptrend line at $26.29 to $26.16 as geopolitical tensions in the Middle East abate. Another potential downside target is the 21 March high at $25.77. Minor resistance above Tuesday’s intraday high at $27.36 can be seen at the 10 April low at $27.53. Source: ProRealTime

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Security and Transparency have always been the bedrock of cryptocurrency and focusing on these principles is particularly endearing to the crypto community. I found this to be more true when I came across BRC-20 DEX Exchange. In short, BRC-20 DEX Exchange is a DEX built on the BRC-20 protocol, offering secure and transparent trading for BRC-20 tokens. Basically, the BRC-20 DEX Bridge allows users to easily transfer BRC-20 tokens to Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (Matic) networks for wider trading options. Additionally, the bridge enables transferring assets back to the BRC-20 blockchain. The BRC-20 DEX offers various utilities, including efficient bridging of BRC-20 tokens, spot trading of cryptocurrencies, and margin trading for borrowing, trading, and leveraging BRC-20 tokens. While they have gained popularity, the listing of their token BD20 on Bitget will be another milestone in their journey. Do you think BRC-20 DEX transparency and security will offset the limited number of operating chains?

Monday’s session saw the FTSE 100 finally reach a new record high, joining its peers which saw fresh peaks earlier in the year. Source: Getty Forex Indices Shares FTSE 100 Federal Reserve Pound sterling Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Tuesday 23 April 2024 10:22 FTSE 100 hits new peak as rate cut hopes boost index Monday’s session saw the FTSE 100 finally reach a new record high, joining its peers which saw fresh peaks earlier in the year. FTSE 100 closes at record after broad up day for UK stocks The UK's premier FTSE 100 stock index hit an all-time closing high on Monday, with the blue-chip benchmark surging 1.6% to finish at 8,023.9 points. The rally was broad-based across most index constituents. Weaker pound helps boost UK exporters A key factor driving the FTSE 100's record close was the renewed weakness in the British pound versus the U.S. dollar. Sterling slumped 0.3% to $1.2333, its lowest since mid-November. With most FTSE 100 companies earning the majority of their revenues overseas, the weaker pound boosted their relative valuations. Diverging rate outlook for Fed and Bank of England Market expectations are building for the Bank of England (BoE) to start cutting interest rates as soon as August. This contrasts with views that the U.S. Federal Reserve (Fed) will keep rates higher for longer. The diverging rate outlook between the BoE and Fed is seen as benefiting the globally-exposed FTSE 100 index. New highs come despite cheaper valuations Even after setting a new all-time closing peak, UK stocks continue to trade at a record discount to their peers like the S&P 500. This depressed valuation gap reflects years of underperformance by British equities relative to other major markets. UK companies continue to be snapped up by foreign investors, with engineer Tyman agreeing to a takeover on Monday and other major names in focus. Energy and bank stocks support FTSE 100 gains Sector boosts from rising oil prices lifting energy giants like Shell, as well as gains for UK bank stocks amid an emerging economic recovery, have helped drive the FTSE 100's recent rally to new highs. FTSE 100 technical analysis The FTSE 100 finally managed to overcome its previous record high dating back to February of last year and is fast approaching the 8,100 mark. Since over the past decade the index several times fell just short of the psychological 8,000 mark, the question is whether this time round a valid break above that level has finally been made. For now at least, the index seems to be on track for its third consecutive month of gains. This is encouraging for the bulls as it shows consistent buying pressure. FTSE 100 Monthly Candlestick Chart Source: TradingView A technical upside target can be found at the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, at 8301.90. This bullish view will remain intact while the 200-day simple moving average (SMA) and the 2020-to-2024 uptrend line at 7,597.9 to 7,582.1 underpin on a weekly chart closing basis. Immediate upside pressure should be maintained while the FTSE 100 stays above Friday’s one-month low at 7,748.8 on a daily chart closing basis. FTSE 100 Daily Candlestick Chart Source: TradingView Minor support above these levels can be seen between the 8,016.5 early April high and the psychological 8,000 mark. 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 full non-independent research disclaimer and quarterly summary.

As Amazon gears up to release its Q1 2024 earnings on April 30, market watchers are eyeing potential growth in AI technology, cost-cutting measures, AWS expansion, and advertising revenues. Written by: Tony Sycamore | Market Analyst, Australia Publication date: Tuesday 23 April 2024 05:45 When will Amazon report its latest earnings? Amazon is expected to report its first quarter (Q1) 2024 earnings after the market closes on Tuesday, 30 April, 2024. Amazon: a titan among the Magnificent Seven Amazon is an American multinational technology company specialising in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is a member of the so-called "Magnificent Seven", along with Tesla, Microsoft, NVIDIA, Apple, Meta, and Alphabet. In its Q4 2023 earnings report, Amazon surpassed Wall Street's expectations, resulting in its share price surging 8% higher in after-hours trading. The company reported revenues of $170 billion in the fourth quarter, 14% higher than the $149.2 billion reported in the fourth quarter of 2022. The company reported EPS of $1.00 per share, beating market forecasts of $0.80, significantly exceeding reported EPS of $0.03 in the fourth quarter a year earlier. "This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon," said Andy Jassy, Amazon CEO. "As we enter 2024, our teams are delivering at a rapid clip, and we have a lot in front of us to be excited about." Amazon projects robust sales growth and profitability in Q1 2024 guidance Source: Amazon Amazon's key financials Slowing revenues Current Quarter (Q1 2024): $142.53 billion Previous Quarter (Q4 2023): $170.00 billion EPS takes a dip Diluted EPS Q1 2024: $0.83 Diluted EPS Q4 2023: $1.00 Amazon sales revenue Source: TradingEconomics Andy Jassy's vision for Amazon: what to watch for? Amazon embraces the AI revolution Jassy mentioned AI and Gen AI more than 30 times in his letter to shareholders earlier this month, noting that "Generative AI may be the largest technology transformation since the cloud – which itself is still in the early stages – and perhaps since the internet." As such, there will be keen interest in seeing how Amazon continues integrating and utilising AI technology within its business and product offerings and the potential it can create for shareholders. Jassy's cost-cutting crusade After overspending during the pandemic, Jassy is expected to continue cutting costs, specifically in the fulfilment and logistics division. "As we look toward 2024 (and beyond), we're not done lowering our cost to serve. We've challenged every closely held belief in our fulfilment network, and re-evaluated every part of it and found several areas where we believe we can lower costs even further while also delivering faster for customers." Riding the AI wave: AWS's growth trajectory Last quarter, revenue for the AWS segment increased by 13% year-on-year. There will be keen interest in seeing that rate of growth maintained in this AI-heavy area of Amazon as more businesses shift their data storage to the cloud. Prime video and sports: the advertising goldmine Amazon's Advertising revenue increased by 24% year over year in 2023 to $47 billion from $38 billion in 2022. Shareholders will look for continued strong growth in this area powered by various measures, including incorporating advertisements into Prime Video Shows and Movies and live sports. The rise and fall of Amazon's cashier-less dream Amazon's cashier-less technology, designed to help shoppers skip the line, was intended to reshape the future of retail. However, shoppers appeared uncomfortable using the technology. While Amazon has announced that they are walking back the technology, there will be interest in seeing what plans the company has for the technology already developed. Amazon's 2023 letter to shareholders Source: Amazon Amazon technical analysis In a move that took almost three years to complete, Amazon's share price recently reached a new all-time high after dropping more than 55% from its July 2021 high of $188.65. Amazon's ascent to new highs was driven by an 18% increase in the share price during the first quarter of 2024 - a performance that exceeded the tech-heavy Nasdaq, which saw a more modest 8.50% rise during the same timeframe. Amazon weekly chart Source: TradingView The daily chart below illustrates that after an 8% jump in early February (following its Q4 2023 earnings report), Amazon's share price recently surged to new highs, propelled by a bullish trend channel. Looking ahead, bullish trend channel resistance lies at around $192, which would be a logical spot for profit-taking type sell orders. On the downside, initial support is identified at $170, where we would expect dip buyers to step in, ahead of more significant support at the lower boundary of the trend channel, coming in at around $148.00. Amazon daily chart Source: TradingView Source TradingView. The figures stated are as of 17 April 2024. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation. 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.

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!

Upcoming McDonald's earnings on April 30th could signal key shifts in market dynamics, with investors eyeing potential impacts of inflation, geopolitical concerns, and competitive challenges. Source: Getty Shares McDonald's Fast food Franchising Relative strength index Inflation Written by: Monte Safieddine | Market analyst, Dubai Publication date: Tuesday 23 April 2024 02:14 When will Tesla report its latest earnings? If you're craving a Big Mac on Tuesday, April 30, it might be because that's when McDonald's Corporation is expected to release its figures for the first quarter of this year. A snapshot of last quarter's performance Hopes are it won’t be mixed results as we saw in the final quarter of last year where it outperformed on earnings per share at $2.95 versus $2.82 forecasts but suffered a slight miss on revenue at $6.41 billion instead of the $6.45 billion expectations. McDonald's and the changing tides of fast-food consumption In the past, it was a story of snatching market share from pricier chains when the cost of living rose significantly, but it has since begun to impact even fast-food companies. Polling from Revenue Management Solutions back in February painted a picture of low-income consumers cutting back on fast food, and at times avoiding it altogether, instead of merely reducing consumption at the franchise. That has meant concern over receiving less from budget-conscious consumers, and pushing more into that camp where previously it had been more about tastes and preferences. Inflation has generally been moderating, but slight panic is resurfacing once more that controlling it in the next phase will be a more challenging task. And focusing on the state of California, prices are expected to be higher for the current quarter after the minimum wage increase to $20 at the start of this quarter, as leaders in the industry said they’d adapt to incorporate the higher costs, even if for some it’ll be up to their respective franchisees. McDonald's ambitious leap towards 50,000 restaurants Higher costs in general will be observed and not just in the Golden State. There's also how it's faring on its expansion plans to reach 50,000 with the majority of capital expenditures on opening new restaurants, whether in the US or abroad, any update on evaluating its spinoff CosMc's, and the tie-in with Krispy Kreme going nationwide that benefited the doughnut maker’s share price significantly when it was announced, with little effect on McDonald’s share price. Those in the food industry have always sought further clarity regarding the impact of weight loss drugs, given the intent is on reducing appetite and feeling full for a longer period. Geopolitical concerns and revenue impact Then there’s the geopolitical angle. The ongoing boycott in the Middle East and its impact on sales in the final quarter of last year, and not just in the region but in other countries as well. It’s expected to have “a negative impact…as long as the war continues,” according to its regulatory filing back in February, which resulted in the announcement earlier this month about acquiring all of its Israeli franchise restaurants. For now, reliance will remain high on its core regions where the US is well on top by a big margin followed by Japan and China, and the extent to which the slower start to the year on weather woes can play a larger role in reducing customer traffic. How does McDonald's stack up against Chipotle and Domino’s Pizza? Looking at the competition, there have been stellar gains over the past year for Shake Shack's share price (up over 70%), Chipotle (nearly 60%), and Domino's Pizza (by over 40%), while McDonald’s is down by 7%. That means while its established brand and strong balance sheet might have been a plus when investors became defensive preventing its share price from falling too heavily when the AdvisorShares Restaurant ETF was in retreat, it hasn’t been able to come close to matching the rest of the industry when they are enjoying double-digit percentage gains. Source: Getty McDonald’s forecasts from Q1 results In all, expectations this time around are for an earnings per share of $2.72, higher than the same period last year at $2.63 but quarter-on-quarter experiencing another consecutive drop, and an estimate that has been revised higher recently. Revenue is expected at around $6.2 billion, above 2023's Q1 $5.9 billion but below the three quarters that followed. Gross profit margin is anticipated to improve, and there's also the potential for a small dividend hike (source: LSEG). As for recommendations, the majority remain in the 'buy' category, with none opting for an 'underperform' or 'sell'. Eight analysts are advancing into 'strong buy' territory, 19 are opting for a 'buy', and eleven suggest a 'hold'. Regarding their price targets, the average among them of $324 is above the current share price (source: LSEG). Trading McDonald’s Q1 results: technical overview and trading strategies Examining the weekly chart and dissecting the primary technical indicators individually reveals the price positioned below most of its main weekly moving averages, close to the lower end of the weekly Bollinger Bands. The DMI (Directional Movement Index) is negative, with a considerable margin between the DI- over the DI+, and the RSI (Relative Strength Index) indicator still not reaching oversold territory. Additionally, the ADX (Average Directional Movement Index) is below the ranges indicative of trending movements. The daily timeframe indicates a deteriorating technical outlook. Given this analysis, it's understandable why determining a technical overview in these circumstances becomes more complex for the long-term weekly perspective, whereas, for the daily perspective, a 'bear average' appears more apparent. For those predicting the persistence of this overview (and its bear channel), selling strategies may be considered, whether through a significant reversal from the weekly 1st Resistance or a breakout from the first Support. The increased volatility in this current phase, triggered by the upcoming fundamental release, could necessitate adjustment to strategies, perhaps shifting focus to secondary levels depending on how significantly the results diverge from expectations. Source: IG McDonalds weekly chart with key technical indicators Source: TradingView IG Client sentiment* and short interest for McDonald’s shares When it comes to sentiment amongst retail traders (image below), the bias has been extreme buy and has risen over the past two weeks to 91% as of this morning from 80% prior. Short interest on the exchange was somewhat rangebound for a few years and beneath 1% of shares float, but over the past two quarters has started trending higher with the latest print at over 8 million representing 1.12% of shares float (source: LSEG). Source: IG *The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%, as of today morning 8am for the outer circle. Inner circle is from April 2, 2024. 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.

When you changed etc price and switched to proof of steak, its price stopped, I look at etc chart to predict etc crypto price for next year

Dera @neueneuen, Thank you for clarifying. Please note that you can access both the MT4 CFD and SB accounts from the MT4 platform itself, you will have to download MT4 and log in using your MT4 credentials: https://www.ig.com/uk/trading-platforms/metatrader-4/download-mt4 The pairs mentioned are not available on MT4. The margin requirements for IG.com and MT4 are not the same, MT4 allows for trading smaller lot sizes you would not be able to trade on the IG platform. All the best, KoketsoIG

I'm not aware of a way to prevent it resetting back to the current time but there is a date picker you can use to prevent having to scroll. It's on the chart menu, third from the left, next to Mid/Bid/Ask. You need to scroll over to see it.

Yes, it's all there in the same way as any other market. If you use the marketnavigation endpoint, you can find the hierarchy ids and epic names. For example, "DO.D.CABLE.50.IP" is currently Daily GBPUSD 12410 CALL.

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.

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ADI Elliott Wave Analysis Trading Lounge Daily Chart Analog Devices Inc., (ADI) Daily Chart ADI Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minor wave 2 of (3). DIRECTION: Bottom in wave 2. DETAILS: Looking for support to be found within the end of MG2 at 180, we will start looking for long afte we finally find support on top of TL2 at 200$. ADI Elliott Wave Analysis Trading Lounge 4Hr Chart, Analog Devices Inc., (ADI) 4Hr Chart ADI Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {c} of 2. DIRECTION: Bottom in wave 2. DETAILS: As we saw on the Daily, we touched equality of {c} vs. {a}. we can expect another leg lower to ideally take wave {a} low out, to then start turning higher. On April 23, 2024, our trading lounge conducted an extensive Elliott Wave analysis of Analog Devices Inc. (Ticker: ADI), providing a detailed breakdown of its daily and 4-hour chart patterns. This analysis aims to offer precise insights into ADI’s market behavior, which could assist traders and investors in making more informed trading decisions. * ADI Elliott Wave Technical Analysis – Daily Chart* Our study reveals that Analog Devices is currently in a counter trend phase with a corrective flat structure, specifically positioned in Minor wave 2 of a larger Intermediate wave (3). The key focus is on identifying the bottom of wave 2. The analysis predicts finding support near the MG2 zone around $180. A bullish outlook is anticipated post-establishing a strong support level, especially above the TL2 at $200. * ADI Elliott Wave Technical Analysis – 4H Chart* The 4-hour chart analysis complements the daily insights by delving deeper into the specifics of wave {c} of Minor wave 2. Consistent with the daily observations, wave {c} has reached a point of equality with wave {a}, signaling a potential completion of the corrective pattern. A final leg lower is expected, ideally surpassing the low of wave {a}, setting the stage for a bullish reversal. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

The Core of William Mason's Investment Philosophy At the heart of William Mason's investment approach is a keen understanding of market dynamics and an unyielding commitment to empirical research. Mason believes that the key to successful investing lies in identifying and following market trends through a systematic, data-driven approach. His system uses a combination of trend lines, moving averages, and other technical indicators to pinpoint optimal entry and exit points, thereby maximizing investor returns while minimizing risk. Market Analysis and the Current Financial Landscape As we navigate through 2024, the global financial markets present a complex tapestry of opportunities and challenges. Mason points out that despite the apparent volatility, there are underlying patterns that, when understood, can lead to profitable investment decisions. For instance, the performance of Berkshire Hathaway illustrates a less volatile yet highly rewarding opportunity in the current market environment. Berkshire’s stock has demonstrated strong returns with less volatility compared to the S&P 500, making it a prime example of how solid, fundamental investing pays off, especially in uncertain times. Diversification and Risk Management A critical element of Mason’s strategy involves diversification and meticulous risk management. By analyzing companies like Berkshire Hathaway, which holds a diversified portfolio across several robust sectors including insurance, energy, and technology, Mason illustrates the importance of investing in entities with strong fundamentals and diverse revenue streams. This strategy not only shields the investment from sector-specific downturns but also positions it to capitalize on multiple growth avenues. William Mason: Advocating for a Smarter Investing Future Transitioning from theory to practice, William Mason not only devised robust investment strategies but also moved to fill a significant market gap by developing a user-friendly stock trading app. This platform caters specifically to Australian investors, providing them with tools and analytics similar to those used by professional traders. By democratizing access to sophisticated investment resources, Mason aims to empower everyday investors to make informed decisions based on real-time data and comprehensive market analysis.

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: red wave C POSITION: blue wave Z DIRECTION NEXT LOWER DEGREES: black wave C DETAILS red wave B of Z looking completed, now red wave C of Z of B looking started . Wave Cancel invalid level:97.779 The AUD/JPY Elliott Wave Analysis for the Day Chart provides an overview of the current market trend and likely future developments in the Australian Dollar/Japanese Yen currency pair, utilizing the principles of Elliott Wave Theory. Function The function of this analysis is described as "Counter Trend." This indicates that the current wave structure represents a corrective move against the primary trend. Counter-trend movements often suggest a retracement or a temporary shift in market direction. Mode The mode for this chart is specified as "impulsive as C." This mode denotes a stronger directional movement within the Elliott Wave structure, indicating that the current counter-trend may contain a significant shift or wave progression. Structure The structure is identified as "red wave C," which typically indicates the final stage of a corrective pattern. This aligns with the function of the analysis, pointing towards a potential transition from correction to a new impulsive phase. Position The position within the broader Elliott Wave structure is "blue wave Z." This position implies that the current pattern is in a complex corrective phase, potentially consisting of multiple interconnected corrective waves. Direction for the Next Lower Degrees The analysis suggests that the next lower degree trend is toward "black wave C." This provides a directional cue, indicating where the trend is likely to head following the current wave structure. Details The analysis mentions that "red wave B of Z" appears to be completed, suggesting that a key part of the corrective cycle has ended. This is significant because it denotes the beginning of a new phase, specifically "red wave C of Z of B." This structure could represent the start of a more substantial movement within the current Elliott Wave pattern, indicating a shift in momentum. The "Wave Cancel invalid level" is listed at 97.779. This level is crucial for understanding where the current wave structure might break down. If the market moves past this point, the current analysis could be invalidated, requiring a new interpretation of the Elliott Wave structure. In summary, the analysis outlines a transition in the AUD/JPY pair from a corrective phase to a potentially more impulsive structure. It provides key points to watch for traders and analysts, indicating possible changes in market direction. The critical invalidation level gives traders a boundary for risk management, serving as a guide for trading decisions and strategy adjustments. AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, Australian Dollar / Japanese Yen (AUDJPY) 4 Hour Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: red wave C POSITION: blue wave Z DIRECTION NEXT HIGHER DEGREES: red wave C (started) DETAILS red wave B of Z looking completed, now red wave C of Z looking started . Wave Cancel invalid level:97.779 The AUD/JPY Elliott Wave Analysis for the 4-Hour Chart provides insights into the current market trends and future projections for the Australian Dollar/Japanese Yen currency pair using the Elliott Wave Theory. ### Function The function of this analysis is identified as "Counter Trend." This suggests that the current market structure is moving in opposition to a broader, larger trend. Counter-trend movements often signal corrections or retracements within a larger trend. ### Mode The mode described in this analysis is "impulsive as C," indicating that the ongoing wave pattern is impulsive and represents a final phase of a correction. Impulsive waves generally signify more substantial and direct price movements within the Elliott Wave structure. ### Structure The structure for this analysis is noted as "red wave C," indicating that the market is in the final phase of a corrective cycle. This structure aligns with the counter-trend function, suggesting a more substantial correction in progress, possibly signaling the beginning of a new trend or the resumption of the broader trend. ### Position The position within the Elliott Wave cycle is listed as "blue wave Z," indicating a higher degree of complexity and possible combination patterns. This is part of a larger structure that often involves multiple corrective waves interconnected in a larger pattern. ### Direction for the Next Higher Degrees The analysis points towards "red wave C," indicating that the current impulsive phase could lead to a broader continuation of the trend, suggesting a transition from correction to impulsion. ### Details The details provided in the analysis indicate that "red wave B of Z" is looking completed, suggesting that a key part of the correction phase has ended. The analysis identifies that "red wave C of Z" is likely beginning, which represents a more substantial impulsive movement in the current cycle. This is a potential signal for traders to watch for continuation patterns. The "Wave Cancel invalid level" of 97.779 is crucial. This level acts as a boundary; if breached, the current Elliott Wave pattern becomes invalid, necessitating a re-evaluation. This invalidation level is critical for traders and analysts as it guides their risk management strategies. In summary, the analysis describes a complex Elliott Wave structure, focusing on the transition from a corrective phase to a more impulsive one. It underscores significant points for traders to watch, indicating potential directional shifts in the market. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

I am a little puzzled about the claim of the DAX being an easy market to trade. Moreover, thank you for the charts examples, but I am skeptical about that too. I am too old in this game to believe any claim made on an historical piece of data. But please do give me some more pieces of hard tangible evidence that the DAX may be an easier market than let's say the Dow or the S&P. I can allow for my mind to be changed. In the mean-time I believe that trading is a minefield, and I am never careful enough. The DAX is no exception as far as I am concerned. All the best

The current global economic uncertainty has increased significantly, with consecutive declines in the US stock market and surging US Treasury yields putting pressure on global stock markets. Particularly for the Australian ASX 200 index, these factors directly influence investor confidence and market dynamics. Thomas McGee mentioned that the "higher for longer" rate policy of US may lead to global liquidity tightening, affecting liquidity and stock performance in the Australian market. Furthermore, historic highs in copper prices also indicate potential cost pressures and profitability challenges for resource-intensive markets like ASX 200. Performance Releases of Mining Giants and Market Expectations With several mining giants set to announce their March quarter financial results, market focus has shifted to the performance of these companies and their potential impact on the stock market. Thomas McGee believes that these results not only provide crucial information about industry health but also guide market sentiment and investment decisions. Against the backdrop of potential global demand slowdown, the production and profit performance of these mining companies will be a key focus for investors. Additionally, this serves as an important indicator to assess whether market expectations for future economic conditions are overly pessimistic. Investment Strategies and Market Outlook Considering the current global economic situation and domestic market dynamics, Thomas McGee emphasizes that investors need to adopt more cautious strategies and pay attention to changes in macroeconomic indicators and industry fundamentals. For ASX 200 investors, this means potentially adjusting portfolios and prioritizing industries that can withstand economic fluctuations and policy changes. Furthermore, maintaining sensitivity to changes in international financial markets and timely adjusting strategies will be crucial in addressing future market challenges. Through continuous market analysis and prudent risk management, investors can find opportunities for growth and returns in an unstable market environment.

Hi @chemist66, we may need to look into your account to understand why it's not going through. Could you please send an email to helpdesk.uk@ig.com from your registered email address with your query? This way, we can investigate and assist you further. Regards, AshishIG

The Ticker Symbol for a specific market can be located in the 'Info' section within the dealing tab. Please refer to the screenshot below for guidance. All the best, AshishIG

ASX: COLES GROUP LIMITED. – COL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COLES GROUP LIMITED. – COL. In our ASX Stocks Top 50 forecast service, we have accurately forecast a price decline from a high of around 17.15 down to around 16.00 at the current low. And we are now identifying COL could move higher in the short term outlook. ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis ASX: COLES GROUP LIMITED. – COL 1D Chart (Semilog Scale) Analysis Function: Counter trend (Minute degree, green) Mode: Corrective Structure: Double Zigzag Position: Wave (b)-purple of Wave ((y))-green Latest forecast: Accurate forecast Details: The short-term outlook indicates that wave ((y))-green is unfolding as a Zigzag, and wave (a)-purple has ended. Therefore, wave (b)-purple is expected to continue pushing lower, seeking support around 16.01 - 15.71 before wave (c)-purple returns to rise higher. Pushing higher off 17.15 would renew the bull market view. Invalidation point: 15.35 ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: COLES GROUP LIMITED. – COL Elliott Wave Technical Analysis ASX: COLES GROUP LIMITED. – COL 4-Hour Chart Analysis Function: Counter trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (c)-purple of Wave ((y))-green Details: The shorter-term outlook suggests it appears the (b)-purple wave has bottomed, but a move higher than level 16.5 is needed to confirm this outlook. If this forecast is correct, wave (c)-purple will be opened to continue pushing higher, aiming for higher targets. Invalidation point: 15.37 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: COLES GROUP LIMITED. – COL 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!

Mathews Darcy mentioned that the quarterly production report released by BHP Group recently showed strong performance in copper and iron ore businesses, but adverse weather conditions affected coal production. Despite the upward trends in copper and iron ore prices, the market response to the stock price of BHP was relatively subdued. This article will delve into the analysis of the quarterly report of BHP Group and discuss its impact on the stock market and the reactions of investors. Quarterly Performance and Market Response Mathews Darcy pointed out that despite price increases in copper and iron ore on Wednesday, the stock price of BHP only saw a slight growth after the quarterly report release, reflecting the tepid response of investors to the report. Particularly noteworthy is the decline in the stock price of BHP amidst significant overnight increases in copper and nickel prices and iron ore prices maintaining a six-week high. Additionally, Mathews Darcy noted that major brokerage firms have begun adjusting their ratings and price targets for BHP based on the latest quarterly data. Several brokerage reports indicate that despite strong demand for copper and iron ore, the overall performance of BHP did not meet market expectations, possibly due to production constraints in its coal division. Investment Strategies and Future Outlook Mathews Darcy advised that when considering BHP stock, investors should carefully analyze the performance of its various divisions and future market prospects. While price fluctuations in mineral resources offer profit opportunities for BHP, investors should also be aware of the potential impact of price fluctuations on company performance. Furthermore, paying attention to brokerage research reports and rating updates will help investors better understand market dynamics and potential investment risks. Mathews Darcy also emphasized the importance of diversified investments, especially in an industry facing price volatility and geopolitical risks. Diversifying investments among different resource stocks can effectively reduce the impact of single market fluctuations on the investment portfolio.

Gonna participate! Personally, I'm DCAing in this memecoin....

Would love to grab at a little lower...