Novi_Fibonacci

Novi_Fibonacci Mod Updated 

Here I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no...

Novi_Fibonacci Mod Updated 

Here I have EUR/USD on the 4Hr Chart! Price has outlined what looks to be a Possible Cup & Handle Pattern with the Low @ 1.07238 being the bottom of the "Cup" followed by an IMMEDIATE reversal to the High @ 1.10089! Now price is creating what should be the "Handle" where then price should go BULLISH breaking the Top of the Cup CONFIRMING the Pattern! *If Price...

Novi_Fibonacci Mod

Here I have EUR/GBP on the 4Hr Chart! Price Action created a Higher High breaking our Confirmation @ .86340! Will be looking for price to make a small retracement into my Entry Zone before making its way to Sequence Target! *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES...

Novi_Fibonacci Mod Updated 

Here I have AUD/USD on the 1Hr Chart with what looks to be a Double Bottom Pattern! We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday! Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to...

Novi_Fibonacci Mod Updated 

Here I have GBP/USD on the 4 Hr Chart! We have a nice outline of 2 Peaks or Highs forming what looks to be a possible Double Top formation! With price failing to make a Higher High @ 1.27245 and now on its way back down to the Confirmation of Pattern @ 1.26035, I believe we will be seeing a Break of the current Low giving us a Lower Low signaling Price to extend...

Novi_Fibonacci Mod Updated 

Here we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the...

Novi_Fibonacci Mod

Here we have GBP/JPY on the 4 Hr Chart! With our High @ 188.658 followed by a failed Higher High @ 187.565 being the INVALIDATION of this sequence, I am looking for price to Break and Close below our CONFIRMATION of Seq @ 186.231 giving us a Lower Low signaling price will continue further down! Fundamentally this week: GBP - Construction PMI & BOE Bailey...

Novi_Fibonacci Mod

Here I have USD/JPY on the 1 Hr Chart! Our failed Lower Low @ 146.841 (Point B) Kicked off my Bullish Bias on UJ today! I believe this is coming to us in the form of a Elliot Correction Wave! When UJ was in this area back in Mid Sep', it was used as Support! Price has now broke the Confirmation @ 147.905 and is still climbing! Fundamentally this morning the...

Novi_Fibonacci Mod Updated 

Here I have GBP/USD on the 30 Min Chart! We currently have price outlining 3 different Highs outlining what looks to be a Head and Shoulders Pattern on top of the Support or "Neckline"! I believe we could be seeing a possible Reversal coming! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- If Price Breaks and...

Novi_Fibonacci Mod

Here I have EUR/USD on the 30 Min Chart! We have 3 sets of Highs in the shape of what looks to be a Head and Shoulders on top of the Support or "Neckline"! Price has been traveling up so we may be getting a Reversal here now! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! -Pattern Prediction- If Price Breaks and Closes above...

Novi_Fibonacci Mod

Here I have AUD/JPY on the 4Hr Chart! Price was Rejected @ 98.534 creating the high on Nov' 15th. Since then Price failed at the same level and again at attempted Higher High on Nov' 27th! Following this Lower Highs are Higher Lows which seem to be forming a Pennant Pattern! Currently we have 3 Tests of the Falling Resistance and getting the 3rd test of the...

Novi_Fibonacci Mod

Here I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time! Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be...

Novi_Fibonacci Mod Updated 

Here I have EUR/GBP on the 4 Hr Chart which has been CLEARLY using this Rising Support as a means to continue higher! With the First Test on Aug. 23rd, there have been 4 more tests on the Rising Support with the 4th and 5th tests failing to keep Prices Higher than the High created after the 3rd Test! Not to mention the time taken between bounce 4 and 5 is much...

Novi_Fibonacci Mod

Here I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern! Important factors to mention: The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at...

Novi_Fibonacci Mod Updated 

Here I have XRPUSDT on the 4Hr Chart in what looks to be a Bull Flag!! Price was previously in a Strong Uptrend prior to entering the pattern. -Price gave us 3 tests of the Falling Resistance and 2 tests of the Falling Support. If this is in fact a Bull Flag, we should expect a Bullish Break to this continuation pattern where price should continue HIGHER!...

Novi_Fibonacci Mod Updated 

Here we have AirBNB Stock which has been declining since July 31st. After the failed attempt of a Higher High on Sept. 12th followed by a Lower Low on Oct. 27th that exceeded the Previous Low on Aug. 18th. Which leads me to believe that history will repeat itself where we should get a Lower High in the 129.97 - 127.74 range followed by a Sequence Target range of...

Novi_Fibonacci Mod Updated 

Here I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction! www.tradingview.com The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the...

Novi_Fibonacci Mod

Here is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form! I expect price will finish the "Cup" @ 97.007 -THEN- Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern! Fundamentally: AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and...