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Blockchain technology adoption has been moving with speed of light over the last couple of years and the recent infusion of AI and blockchain technology has birthed unprecedented success. Virtually every sector from technology, finance, education, medicine and several other fields have opted for this seamless and efficient approach to make live easier. In the field of medicine, UNICE emerged as a game changing and innovative project that utilizes artificial intelligence, emotion analysis, blockchain, and NFT to offer personalized emotion management, ensure users’ data ownership rights, and achieve transparent profit distribution The aim of UNICE is to make AI and blockchain user-friendly, supporting a healthy life style without any technical barriers hence it is totally different from other emotion analysis service. UNICE boast a team composed of medical professionals from Chung-Ang Medical University, AI and blockchain researchers and blockchain specialist no wonder they are backed by industry giant like DWF Labs, Fire block, Zealy, CLS and many others. UNICE uses a vast medical database built on expert medical knowledge and an extensive medical network. Through continuous feedback and observations, the service evolves, providing a personalized experience reminiscent of having a professional medical team by your side. With over $2M trading volume and corresponding +401.5% in the last 24hrs signifying a bullish trend, the listing on Bitget poised to further give the native token more exposure could further propel the token to a new high. What are your thoughts about this project?

Experience the future of staking with Renzo, a revolutionary re-staking protocol based on EigenLayer. Renzo abstracts the complex process of user re-staking, alleviating concerns about operator selection and reward strategy management for stakers. Renzo Protocol is not just limited to Ethereum; it aims to provide users with access to the EigenLayer ecosystem across multiple blockchain networks. From Ethereum to Arbitrum, Linea, Mode, Base, BNB, and OKX L2 chain networks, Renzo offers a unified interface for staking and re-staking, regardless of the underlying blockchain. This interoperability ensures that users can seamlessly navigate the EigenLayer ecosystem and maximize their staking potential. Excitement builds as Renzo Protocol (REZ) joins Bitget Pre Market Trading Platform, offering users the chance to pre-trade REZ before its official listing. Pre-market trading provides an over-the-counter (OTC) marketplace for new coins, allowing users to access early trading opportunities and discover potential investment prospects before the wider market. With Renzo on Bitget Pre Market Trading Platform, users can take advantage of exclusive trading opportunities and be part of the Renzo revolution from the outset.

Ready to Fight represents the first real attempt at bringing the global boxing community of over 50 million athletes, promoters, trainers, managers, and diehard fans into the world of decentralized social media and finance (SocialFi). It was founded by none other than heavyweight boxing superstar Oleksandr Usyk and blockchain entrepreneur Sergey Lapin. The native RTF token acts as the lifeblood of this intricately designed web3 social network. Stake RTF to access premium content and services. Use it to directly sponsor fighters you support or pay trainers for their time. Spend RTF on limited-edition boxing gear or merchandise drops. Thanks to the RTF listing on Bitget, crypto enthusiasts and boxing fans alike can now invest in and drive the rapidly expanding ecosystem. The low initial circulating supply and market cap suggests a massive upside for this first-of-its-kind SocialFi platform serving the boxing world.

Pepe Coin's surge, driven by significant whale accumulation, has propelled it to the third-largest meme coin position. With strategic buying, the investor has already seen substantial profits, sparking bullish sentiment in the broader meme coin sector.

Dear @SabreF86, Welcome to the Ig community. Please note that you cannot change the platform timezone as the timezone applied will be of the country you applied for an account. Thanks, KoketsoIG

I have resolved this by looking for an option that's deep in the money at the expiry time. At expiry, the option's value is equal to the market price minus the strike price, so I can work out the strike price from there. I can then work out the strike price for other options if the markets not too volatile as it moves by 10 points between epics except at the extremes. It's really not pretty but it's the best I can do at the moment. If anyone comes up with a better solution then please let me know.

Rallies in FTSE 100, DAX 40 and Dow have further to go Outlook on FTSE 100, DAX 40 and Dow as investors pile back in to global stock markets. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Wednesday 24 April 2024 13:48 FTSE 100 hits yet another record high A weaker pound sterling and foreign investor buying of the undervalued UK blue chip index propelled the FTSE 100 to a record high on Monday. The pound sterling bouncing back following hawkish comments by BoE chief economist Huw Pill has not put a spanner in the works with the FTSE 100 hitting yet another record high and remaining on track for its fourth straight day of gains. Minor support sits between the early-to-mid-April highs at 8,046 to 8,017. Medium-term the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, around the 8300 mark represents a possible upside target. Source: ProRealTime DAX 40 regains lost ground The DAX 40’s strong rally off last week’s 17,400 low has gained traction and is trying to overcome last week’s high at 18,195. If overcome on a daily chart closing basis, the 8 April high at 18,329 will be in focus, together with the 4 April high at 18,429. Minor support can be spotted around the 5 April low at 18,085 and around the psychological 18,000 level. Source: ProRealTime Dow sees strong three straight day rally Since last week the Dow Jones Industrial Average regained lost ground and has risen by around 3% with the 55-day simple moving average (SMA) at 38,783 representing the next upside target, together with the 10 April high at 39,029. Potential slips may find support around the 38,452 March low and further down, around the late February 38,336 low. Source: ProRealTime

Gold price drifts down, while WTI crude price and natural gas price move higher Commodities recovered overnight, as natural gas prices rallied to their highest level since February, while oil prices surged off Tuesday’s low. Meanwhile, the gold price drifts downwards. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Wednesday 24 April 2024 13:33 Gold struggles to hold its ground Gold prices found buyers yesterday as it dipped below $2300, briefly hitting a three-week low. Early trading this morning has seen a cautiously-positive start, and further gains above $2350 may suggest that a low is in place. Sellers will look for a reversal back below $2300 in order to open the door towards the 50-day simple moving average (SMA). Source: ProRealTime WTI forms a higher low? Oil prices staged an impressive bounce off the 50-day SMA on Tuesday, having spent the previous three sessions forming a short-term low above $81. A higher low looks to be in place for the time being, which then opens the way back to the peak from early April above $87. A fresh bearish view would require a reversal back to $81, and then a close below the lows of last week. Source: ProRealTime Natural Gas rallies to three-month high Natural gas has finally enjoyed a strong rally over the week so far, moving above 2000 at last and returning to the 100-day SMA for the first time since the beginning of the year. Of course, all this merely results in a substantially lower high relative to January, though the move above the February high at 2068 does help to bolster a short-term bullish view. The 2200 low from December becomes the next target. Meanwhile, sellers will be looking for a reversal back below the February high to suggest that a new leg lower has begun. Source: ProRealTime

Tesla, the first of the Magnificent 7 to report earnings, surged after it announced plans to build more affordable electric vehicles (EV). Source: Getty Images Shares Tesla, Inc. Electric vehicle Vehicle Share price Technical analysis Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Wednesday 24 April 2024 09:55 Tesla share price surges after Q1 results Tesla, the first of the Magnificent 7 to report earnings, surged after it announced plans to build more affordable electric vehicles (EV). New affordable model plans offset earnings miss Tesla shares surged in after-hours trading as the electric vehicle maker announced plans to accelerate the launch of new affordable EV models, despite reporting first quarter (Q1) earnings that missed Wall Street estimates. For the Q1 of 2024, Tesla reported revenue of $21.3 billion, down 9% year-over-year, attributed to reduced vehicle average selling prices and a decline in deliveries. Analysts had expected revenue of $22.15 billion. Adjusted earnings per share (EPS) came in at $0.45, slightly below the consensus estimate of $0.46. Investors cheer plans for cheaper models In a statement accompanying its Q1 2024 earnings report, Tesla said it plans to launch new models, including more affordable EVs, ahead of its previously communicated start of production in the second half of 2025. "These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up," the company stated. Cost reduction plans trimmed Tesla acknowledged that this accelerated timeline "may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times." Gross margins hit by price cuts Gross margins at Tesla were 17.4% in Q1, down from 19.3% a year ago, reflecting the impact of the company's repeated price cuts on its vehicles to boost demand. Tesla stock price: technical analysis Despite the earnings miss, Tesla shares surged 6.3% to around $153 in after-hours trading following the release of its Q1 report and new EV model launch plans with these now showing a pre-market price of around $164. Source: Google Finance Tesla had seen its stock price fall more than 43% so far in 2024 amid concerns about pricing pressure and layoffs prior to the Q1 report. Tesla weekly candlestick chart Source: TradingView For the July 2023 to April 2024 downtrend to be questioned, a bullish reversal would need to take the Tesla share price to above its late-March high at $184.25 on a weekly chart closing basis. While this is not the case, the Tesla share price remains in a downtrend as a series of lower highs and lows can be made out on the weekly chart. 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.

Hello Newbie question - how do I set my chart timeline to NY time? Thank you

As the Bitcoin halving event in April 2024 approaches, the cryptocurrency market is under intense scrutiny. The halving of miner rewards every four years not only regulates the supply of new bitcoins but also profoundly impacts market sentiment and supply-demand dynamics. This period will provide unique opportunities and challenges for the Qmiax exchange. Halving events often increase the visibility of Bitcoin and typically lead to price and adoption rate increases, sparking widespread discussions about blockchain technology, Bitcoin network dynamics, and cryptocurrencies as a unique asset class. As an industry builder, Qmiax has prepared thoroughly for the upcoming halving event. The platform has not only strengthened its technical support to handle potential high transaction volumes but also provided educational resources and market analysis to help users better understand the halving event and its potential impact on the market. History shows that although Bitcoin has seen price increases and expanded adoption rates in the months following halving, market reactions to each halving event have been different. The 2024 Bitcoin halving event presents unprecedented characteristics in several key aspects, requiring investors and market participants to remain vigilant and prepared for possible market fluctuations. Qmiax has strengthened its market analysis capabilities, providing real-time data and in-depth technical analysis to assist users in making well-informed decisions. During this period, Qmiax has introduced a variety of new tools and services to support the trading needs of users in a high-volatility environment. These tools include enhanced risk management settings, more flexible trading options, and enhanced security measures to ensure the safety of the assets and transaction data of users. In terms of education and support, Qmiax has launched a series of educational workshops and online courses on Bitcoin halving and its impact on the crypto market. These resources aim to enhance the market knowledge of users, enabling them to make wiser investment decisions during this critical period. Through these efforts, the platform has not only strengthened customer trust and satisfaction but also reinforced its position as a leader in market education. The platform has enhanced its collaboration with other major cryptocurrency markets globally, ensuring consistent services and support worldwide. With this global perspective, Qmiax continues to demonstrate its influence and innovation in the cryptocurrency trading field. With the Bitcoin halving event approaching, Qmiax is fully prepared to meet this market milestone. Through technological innovation, customer education, and global market cooperation, the platform not only supports the current market but also lays the foundation for future market changes. In the ever-evolving world of cryptocurrencies, Qmiax is committed to providing leading services and solutions, leading the industry forward.

Gold Elliott Wave Analysis Function - Trend Mode - Impulse Structure - Impulse wave Position -Wave 4 Direction - Wave 5 Details - Wave 4 has reached the extreme area and bounced off the 2300 MG1. We will expect wave 5 to progress higher. However, it’s still in the early stages. Invalidation below 2245.17. Gold has undergone a retracement since its peak on April 12th, following a remarkable surge to a fresh all-time high. Despite this pullback, the underlying bullish momentum remains robust and is anticipated to reassert itself once the corrective phase concludes. In today's analysis, we delve into the potential areas where Gold may discover the necessary support to propel its next upward movements. Zooming into the daily chart, our Elliott Wave analysis commences with identifying an impulse wave sequence originating from the low at 1614, marking the termination of wave (IV) at the supercycle degree back in September 2022. Presently, the supercycle wave V is unfolding, currently navigating through the third leg of the cycle degree, denoted as wave III. Within this wave III, classified as an impulse wave, we find ourselves within the third sub-wave, indicated as blue wave '3' of primary degree, further delineated into wave (3) of intermediate degree. Within this intricate structure, the price action appears to be nearing the culmination of minor degree wave 4. Consequently, the impulse sequence characterizing the intermediate wave (3) has yet to finalize, let alone the overarching supercycle wave (V). Thus, Gold's bullish trajectory remains firmly intact, advocating for a strategic approach of buying into the dips within this robust trend. Presently, the price appears to be undergoing a dip corresponding to wave 4 of (3), with an anticipated subsequent uptrend in wave 5. Transitioning to the H4 chart, our focus narrows on the completion of wave 4, manifesting as a zigzag pattern since the peak on April 12th. Conventionally, the termination of the third leg of a zigzag typically occurs at extensions ranging from 100% to 138.2% of the initial leg's length from the subsequent corrective move. However, an extension beyond 138.2%, particularly to 161.8%, tends to invalidate the zigzag pattern. In this context, we cautiously assert that the zigzag for wave 4 might have concluded, with a critical level of invalidation identified at 2245. Nonetheless, further confirmation is sought through the emergence of more bullish candle formations. Meanwhile, the target projection for wave 5 remains at 2500, aligning with the continuation of Gold's upward trajectory within the Elliott Wave framework. Technical Analyst : Sanmi Adeagbo Source : TradingLounge.com get trial here!

Surprising US PMI drops contrast with Europe’s gains in services, pushing EUR/USD higher as markets recalibrate economic outlooks and monetary policy expectations. Source: Getty Forex Euro Pound sterling European Union Inflation EUR/USD Written by: Richard Snow | Analyst, DailyFX, Johannesburg Publication date: Wednesday 24 April 2024 07:28 Flash PMI data provides unflattering US outlook, Europe improves German and EU manufacturing remains depressed but encouraging rises in flash services PMI results suggest improvement in Europe. UK manufacturing slumped well into contraction, but also benefitted from another rise on the services front. It was the US that provided the most surprising numbers, witnessing a decline in services PMI and a drop into contractionary territory for manufacturing – weighing on the dollar. EUR/USD rises after us PMI shock EUR/USD responded to lackluster flash PMI data in the US by clawing back recent losses. The euro attempts to surpass the 1.0700 level after recovering from oversold territory around the swing low of 1.0600. The pair has maintained the longer-term downtrend reflective of the diverging monetary policy stances adopted by the ECB and the Fed. A strong labour market, robust growth and resurgent inflation has forced the Fed to delay its plans to cut interest rates which has strengthened the dollar against G7 currencies. The surprising US PMI data suggests the economy may not be as strong as initially anticipated and some frailties may be creeping in. However, it will take a lot more than one flash data point to reverse the narrative. If bulls take control from here, 1.07645 becomes the next upside level of interest followed by 1.0800 where the 200 SMA resides. On the downside, 1.06437 and 1.0600 remain support levels of interest if the longer-term trend is to continue. EUR/USD daily chart Source: TradingView EUR/GBP surrenders recent gains EUR/GBP rose uncharacteristically on Friday when risks of a broader conflict between Israel and Iran subsided. In addition, the Bank of England’s(BoE) Deputy Governor Dave Ramsden stated that he sees inflation falling sharply towards target in the coming months, sending a dovish signal to the market. Today the BoE’s chief Economist Huw Pill tried to walk back such sentiment, stressing that the bank needs to maintain restrictiveness in its policy stance. He did however, echo Ramsden’s remarks by saying the committee is seeing signs of a downward shift in the persistent component of the inflation dynamic. EUR/GBP appears to have found resistance around 0.8625 and has traded lower after the PMI data, even heading lower than the 200 SMA. A return to former channel resistance is potentially on the cards at 0.8578. Prices settled into the trading range as central bankers mulled incoming data and the prospect of a first rate cut appeared a fair distance away. Longer-term, the ECB is on track to cut rates in June, meaning sterling will extend its interest rate superiority and is likely to see the pair test familiar levels of support. EUR/GBP daily chart Source: TradingView 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.

Dear @Dbass, Please note that the minimum transaction size is 0.1 contracts for most pairs: MT4 Forex products and differs from the minimum on commodities: MT4 Commodity products. Kindly have a look at the minimum sizes before attempting a trade. Thanks, KoketsoIG

Interpreting the Financial Report of Tesla Financial analyst Mark Stefanski delves into the latest financial data from Tesla. Despite the first-quarter revenue of Tesla declining by 9% year-on-year, marking the largest drop since 2012, Mark Stefanski believes this reflects the pressure on the entire electric vehicle industry in cost control and market expectation adjustments. The disclosed data of Tesla shows its revenue dropped to $21.3 billion, and its gross margin also decreased from 19.3% to 17.4%, indicating increased cost pressures. Investment Strategy and Risk Management For investors, Mark Stefanski suggests that while the short-term performance of Tesla may suffer setbacks, its long-term investment value remains. The stock price of Tesla surged in after-hours trading following the release of the financial report, indicating market optimism about its accelerated plans for more affordable electric vehicles. From the financial report of Tesla, it is evident that vehicle deliveries in 2024 may significantly decrease compared to 2023, and cost reduction measures are currently being actively pursued. This news serves as a warning signal to investors, indicating potential challenges for the future growth of Tesla. Although Tesla is typically seen as a leader in the lithium industry, its stock price has already surged by 42% this year, causing market astonishment and reminding people of the severe challenges of the industry.

I had about £4,500 disappearing from my account due to a IT glitch from IG. I've called on the same day I noticed the issue and they said they didn't know the reason but they would call me back the following day for an update. I never get a call back. I've sent a recap email to help-desk and never get a reply or even an automatic one. I'm only getting some updates via the online chat, they acknowledged the issue and they were looking into this but the time frame for the resolution keep getting delayed too. I understand technical issue can happens, from airlines IT to UK Banks too but the way IG is handling this entire situation by hiding and not openly communicate make things even worst. No need to say my confidence in IG went down the basement. In what confidence I can still trade with IG if one day another glitch make duplicate trades with money going leaving the account. On top of not being able to trade until I get my money back. I do require a written communication back from IG to acknowledge the situation and confirm the money will be refunded and also what are their plans to avoid this in the future?

MerlinChain aims to resolve these issues through its innovative Bitcoin Layer 2 infrastructure. At its core, the project integrates zk-Rollup technology, a decentralized oracle network, and on-chain anti-fraud modules - all while maintaining deep compatibility with the Ethereum Virtual Machine (EVM). For years, Bitcoin has been plagued by scalability issues stemming from its architecture - specifically the need to propagate every transaction to each node on the base layer. While incredibly secure, this makes Bitcoin virtually unusable for high throughput applications and daily transactions due to longer confirmation times and high fees during periods of network congestion. In an exciting development for Bitcoin enthusiasts and scalability advocates, the MERL token for MerlinChain is being listed on Bitget exchange.

JNJ Elliott Wave Analysis Trading Lounge Daily Chart Johnson & Johnson, (JNJ) Daily Chart JNJ Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Complex POSITION: Intermediate (2). DIRECTION: Downside in wave Z. DETAILS: Looking for support as we touched 0.618 Z vs. X. If we find resistance on Medium Level at 150 then we can expected further downside. JNJ Elliott Wave Analysis Trading Lounge 4Hr Chart, Johnson & Johnson, (JNJ) 4Hr Chart JNJ Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iv) of {c}. DIRECTION: Downside into wave (v). DETAILS: Looking to find resistance on 150, as wave (ii) was sharp we could anticipate a sideways wave (iv), to move around 150 itself. On April 24, 2024, we conducted a comprehensive Elliott Wave analysis on Johnson & Johnson (Ticker: JNJ), focusing on the dynamics revealed through the daily and 4-hour chart studies. Our analysis highlights crucial patterns and potential future movements, offering valuable insights for traders and investors engaged in JNJ’s stock. * JNJ Elliott Wave Technical Analysis – Daily Chart* Johnson & Johnson is observed in a counter trend phase characterized by a complex corrective structure, specifically placed in Intermediate wave (2). Currently, the stock is progressing through the downside movements of wave Z. Key observations indicate the stock has reached the Fibonacci retracement level of 0.618 Z vs. X, signaling a potential area for finding support. Should resistance solidify at the medium level of $150, further downside could be expected as the pattern completes. * JNJ Elliott Wave Technical Analysis – 4H Chart* The 4-hour chart provides additional granularity into JNJ's Elliott Wave structure. Unlike the daily chart’s corrective mode, the intraday perspective shows an impulsive mode within a motive structure, pinpointing the stock in wave (iv) of {c}. This suggests that despite the broader correction, short-term dynamics involve impulsive downside movements. With wave (ii) noted as sharp, a contrasting sideways consolidation in wave (iv) is anticipated around $150, leading to a further decline in wave (v). Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

Asian stocks, led by tech shares, rallied sharply on Wednesday as investors shifted focus to upcoming earnings from major US tech companies like Meta, Alphabet and Microsoft. Tesla's shares surged 12.5% after-hours as it promised new electric vehicle models, despite missing Q1 expectations. This boosted sentiment in Asia's tech sector. The Japanese yen remained depressed near 34-year lows against the US dollar around 154.85, keeping traders wary of potential intervention by Japanese authorities. Broad gains were seen across Asian markets like Taiwan, South Korea, Japan's Nikkei and the MSCI Asia-Pacific ex-Japan index. China and Hong Kong stocks were mixed. The risk-on rally is expected to extend to Europe with futures pointing to a higher open. Apart from tech earnings, markets are also eyeing US GDP and core PCE inflation data this week for clues on Fed rate path. US Treasury yields and the dollar index eased after data showed a cooling in US business activity and inflation pressures in April. The Australian dollar jumped on hotter-than-expected inflation data, prompting removal of rate cut bets for this year. Oil prices were largely flat as geopolitical tensions offset economic concerns.

Hi @TonyS, Please note that we do not have a dividend reinvestment plan yet, unfortunately. Regards, AshishIG

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar/U.S.Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive as A STRUCTURE: blue wave 3 POSITION: black wave B DIRECTION NEXT HIGHER DEGREES: black wave B DETAILS: blue wave 2 completed , now blue wave 3 of Ais in play .Wave Cancel invalid level: 0.64440 The AUD/USD Elliott Wave Analysis for the Day Chart provides an in-depth examination of the trends and expected future movements in the Australian Dollar/U.S. Dollar currency pair according to Elliott Wave Theory. ### Function The function of the analysis is identified as "Counter Trend." This designation indicates that the current wave structure is moving against the broader trend. In other words, while the overall market direction may be trending in one way, the current analysis focuses on a temporary reversal or correction against that prevailing trend. ### Mode The mode for this chart is described as "impulsive as A." This designation signifies that the ongoing wave is impulsive, suggesting strong momentum, yet is part of a corrective phase. The impulse often initiates a new corrective wave or drives a significant move within the larger wave structure. ### Structure The structure is defined as "blue wave 3." This structure is indicative of an intermediate-level wave within a corrective cycle. Blue wave 3 of A generally suggests that a significant impulsive phase is occurring within a broader counter-trend movement. ### Position The position within the Elliott Wave structure is noted as "black wave B." This placement suggests that the current wave structure is part of a larger corrective phase, possibly indicating a retracement or consolidation pattern within a higher degree of correction. ### Direction for the Next Higher Degrees The analysis highlights the "black wave B" as the expected direction at higher degrees. This reference indicates that the current impulsive phase will eventually lead to a larger corrective movement, often resembling a multi-level pattern in Elliott Wave Theory. ### Details The details state that blue wave 2 has completed, and blue wave 3 of A is now in play. This transition indicates a move from a corrective phase to an impulsive one. The Wave Cancel invalid level is 0.64440, implying that if the price moves beyond this point, the current wave structure will require reassessment, signaling a potential invalidation of the wave count. In summary, the AUD/USD Elliott Wave Analysis for the Day Chart reveals a complex corrective phase within a larger counter-trend pattern. Blue wave 3 of A is underway, indicating an impulsive phase within a broader correction, with a Wave Cancel invalid level providing a crucial marker for risk management. This analysis suggests that the trend may continue to develop, leading to more intricate wave structures within the larger Elliott Wave framework. AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart AUDUSD Elliott Wave Technical Analysis AUDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: red wave 2 POSITION: blue wave 3 DIRECTION NEXT LOWER DEGREES: red wave 3 DETAILS: red wave 2 is in play and looking near to end between 50.00 to 61.80 fib level .Wave Cancel invalid level: 0.64440 The AUD/USD Elliott Wave Analysis for the 4-Hour Chart examines the current trends and likely future direction of the Australian Dollar/U.S. Dollar currency pair based on Elliott Wave Theory. ### Function The function of this analysis is identified as "Trend," indicating that the wave structure being analyzed is part of a broader ongoing trend rather than a counter-trend or corrective move. This classification signifies that the current pattern is likely to align with a larger directional movement. ### Mode The mode for this chart is described as "corrective." Although the overall function is a trend, the current wave structure is correcting within that trend. Corrective waves usually follow an impulsive phase, indicating a retracement or a consolidation phase within the ongoing trend. ### Structure The structure is defined as "red wave 2." This wave typically represents a correction within a larger impulsive structure. It suggests that the current corrective phase is an intermediate step in a more significant trend, often occurring after an impulsive wave has completed. ### Position The current position within the Elliott Wave structure is "blue wave 3." This position points towards an intermediate-degree wave pattern, often indicating a larger wave in the multi-level structure of Elliott Waves. The presence of a corrective structure within a blue wave 3 suggests a potential pause in a broader upward or downward trend. ### Direction for the Next Lower Degrees The analysis points towards "red wave 3" as the next lower-degree trend. This indication aligns with the structure's corrective mode, suggesting that once the current red wave 2 concludes, a new impulsive movement is likely to begin in the form of red wave 3. ### Details The analysis states that red wave 2 is nearing its end, falling between the 50.00 and 61.80 Fibonacci retracement levels. These levels are significant as they often serve as key support or resistance zones where reversals may occur. The Wave Cancel invalid level is at 0.64440, indicating that if the price moves beyond this point, the current wave structure may be invalidated, requiring re-evaluation. In summary, the AUD/USD Elliott Wave Analysis for the 4-Hour Chart outlines a current corrective phase within a broader trend. It suggests that once red wave 2 concludes, an impulsive red wave 3 is likely to begin, indicating a potential shift in market direction. The Fibonacci retracement levels offer guidance on where this correction might end, while the invalidation level provides a critical risk boundary for traders and analysts. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Hi, I have DRS certificate of SASK after they acquired "92E" trading in Australian stock exchange. My question is if I open IG share trading account, can I transfer that Canadian shares here in Australia ? Can someone guide me how things work in this type of scenario ? CommSec is happy to do that but I am not impressed with their platform and service.

Does IG offer an auatomatic dividend reinvestment program for ETFs?

Will grab again, but a little lower price!

Grabbed here . . Let it 🚀🚀