Novi_Fibonacci

Novi_Fibonacci Mod

Here on the Daily Chart GBP/JPY has finished the Right Shoulder of the Head & Shoulders pattern @ 183.814! Price ended last week in a steep decline which brings my bias for GJ to be Bearish!! -I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower. *Price Breaking and Closing below...

Novi_Fibonacci Mod Updated 

USD/CAD may be giving us a Bullish Sequence breaking out of the Consolidation or sideways movement its been in since Oct. 3rd, outlined by the Bollinger Bands. Price Breaking and Closing above 1.36237 will confirm the sequence which will activate the Sequence Target range @ 1.36876 - 1.36667! -Fundamentally, USD had CPI and Unemployment Claims this morning with...

Novi_Fibonacci Mod Updated 

EUR/GBP has been traveling down a Falling Resistance pretty tightly since Oct. 3rd and has met up with our Rising Support created by the lows on Aug. 23rd and Sept. 6th bringing us to a pinch of a Pennant right before London Session! -Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!! -Supplementing my...

Novi_Fibonacci Mod

DXY has been on such a meteoric rise!! BUT all things that go up, MUST COME DOWN!! and boy isn't that true in the markets!! On the 4Hr Chart, I have DXY finally showing a Bearish Break to the Pennant it has been in which signals to me Bears could definitely be stepping in. Accompanying the Pennant is the ever so famously-known Head and Shoulders Patterns...

Novi_Fibonacci Mod

Here we have USD/JPY traveling down what looks to be a Descending Triangle! UJ is due for a correction and I believe we may be seeing that correction move come to us in this Descending Tri started by the High on Oct. 3rd followed by the failed attempt at a Higher High on Oct. 6th showing the Falling Resistance, all while price finding a nice support zone around...

Novi_Fibonacci Mod Updated 

EUR/USD has formed a beautiful Inverted Head & Shoulders Pattern on the 4Hr Chart *Prior to this analysis, I charted EUR/USD in a Bullish Channel which favors an Inverted Head & Shoulders pattern here! -Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!! Price is currently at the "Neckline" of...

Novi_Fibonacci Mod Updated 

GBP/USD has formed a beautiful Inverted Head & Shoulders Pattern on the 4Hr Chart -Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!! Price is currently at the "Neckline" of the Pattern, so what I'm anticipating is for price to give us that Bullish break above to continue higher!! **EUR/USD is...

Novi_Fibonacci Mod Updated 

GBP/JPY has finished the 5th Wave of the Elliot Wave it had been travelling so I've been suspecting a Correction Wave here and I think we are getting it in the shape of a Cup & Handle!! -This Cup & Handle gives us a High with a steep decline rounding off and heading back up to meet the "Equal High" forming the Cup. -My Buy Entry, the "Handle" is Fib'd and looks...

Novi_Fibonacci Mod Updated 

EUR/JPY had been struggling with a Falling Resistance the past couple weeks and to end last week, gave us a HUGE play back above the Support Zone and that Falling Resistance to what looks like is giving us a Cup & Handle Scenario! -My Buy Entry Zone, the "Handle" is not only Fib'd but also finds itself as the potential area where price will Retest the Break of...

Novi_Fibonacci Mod

USD/CHF has what looks to be a Head & Shoulders reversal pattern!! -Price has worked under the 200 EMA and my Dynamic S&R showing signs of an imminent reversal favoring my bearish bias on the pair! -The Head & Shoulder Pattern is made up of 3 peaks, the 2nd being the highest "the Head" with the "Right Shoulder" being lower, thus starting the downtrend movement...

Novi_Fibonacci Mod

Price for the stock ABNB has found itself in a Pennant Pattern!! On the second touch of the Falling Resistance, price was terminated in my Fib'd Kill Zone which has currently brought Price down to the Rising Support AND the 200 EMA. -This touch will be the 3rd test of the Trend-line! Now price still has Pinch Room to play in this pattern and Pennant Patterns...

Novi_Fibonacci Mod

EUR/JPY gave us a STRONG Bearish Break of the Descending Triangle its been in since Aug. 30th after having came back down into pattern after the False Break! This has initiated my Trade Action Plan! -SELL- { SL } 157.024 { Entry } 156.52 - 155.808 { TP } 153.5 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS...

Novi_Fibonacci Mod Updated 

EUR/JPY price action is outlining what LOOKS to be a possible Descending Triangle! Descending Triangles, made of Lower Highs into a Support zone, typically mean BEARISH momentum is starting to step in!! *Descending Triangle will be Tried and True if price action is able to break down below 156.579! **Price breaking up above Top Leg will INVALIDATE Chart...

Novi_Fibonacci Mod

EUR/GBP made its current Highest High on the morning of Sept. 26th followed by the failed attempt at a Higher High this morning! Price on the Lower High (Point B) has terminated in my Kill Zone identifying this to me as a potential Reversal considered a Double Top! -Bear Prediction *If Price breaks above .86911, that will INVALIDATE the Bearish Sequence...

Novi_Fibonacci Mod

NAS100USD has made 3 attempts to break above the Falling Resistance and after that 3 attempt declined down further past our Low (Point A) initiating my Trade Action Plan! Price is well underneath my Dynamic Support and Resistance and I anticipate it to come down into contact with the 200 EMA! -SELL- { SL } 15176.7 { Entry } 14967.1 - 14897.3 { TP } ...

Novi_Fibonacci Mod

Roku price has created what looks to be a Double Top Pattern! Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend! I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2! -This Price Action would also outline a Head & Shoulders Pattern. As...

Novi_Fibonacci Mod

Netflix has been in a Downtrend since July 19th. After its failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to Retrace to the Fib'd Range @ 412.27 - 398.52 to be rejected down to Sequence Target @ 315.6 - 283.05! As for indicators, Price Action has moved...

Novi_Fibonacci Mod

Apple stock has been in a downtrend since Aug. 1st After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38! As for indicators, Price Action has moved...