jessicaW

jessicaW

On the Weekly in GBPUSD we see a clear double top suggesting a multi-month correction. The target zone is between 1.14 and 1.1355.

jessicaW

Expect more weakness here on US500 as the A-B-C correction is not over yet. For this week 3900 provides good support. In the coming month, it should rise again towards 4087.

jessicaW Updated 

Look to the left where you can see EUR CAD has bounced off the MA200 4 times since April 19, 20121. This time the MA200 stands at 1.46482 so I think this level is a good short entry opportunity. Whether it will also reach 1.47936 (0.618%) remains to be seen but is unlikely. I see the entire correction since August as a 3-part ABC pattern, so I see the entire move...

jessicaW

After 4 attacks on the falling trendline, SPX has finally broken through and is heading towards the 4305 target where it will face major resistance. From this I conclude that the above target will not be achieved next week, but in the week after next. Once it drops below 4076 you can increase the sort position for around 500 points.

jessicaW

Dear traders, here is my first work. I'm still relatively young in this field, but I hope you don't skip me and support my work. So I've plotted all the support zones on the chard, depending on whether the price is above or below there is a good opportunity to make a profit. Thanks for your comment and like.