Novi_Fibonacci

Novi_Fibonacci 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 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 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

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

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

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 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

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

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

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

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

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...

Novi_Fibonacci

-US500 has been in a Bearish Channel started July 27th. After the failed Higher High on Sept. 1st, followed by the Lower Low. That initiated my Trade Action Plan! -Price made contact with 200 EMA and now is traveling back up! -I believe price is retracing back to our Confirmation Break of Sequence (Point A) and then rejected upon arrival at my Sell Entry Zone to...

Novi_Fibonacci

NSXUSD (US Tech 100) finds itself in a Bearish Channel which seems to be the product of a Bull Flag given the strong Uptrend prior to Price entering patterning. With a Bull Flag, typically Price will test both Falling Support & Resistance until enough Buying pressure is applied to where price gives us a Bullish Break of the Falling resistance to climb higher! I...

Novi_Fibonacci

GBP/JPY gave us a SOLID bearish break of the Descending Triangle on Sept. 21st initiating my Trade Action plan!! Price has retraced back towards the Support-turned-Resistance and made contact with the 200 EMA and has been rejected strongly from the area! -Price Action on the 4Hr Chart outlines price ending the 4th Wave getting ready to continue the 5th Wave of...

Novi_Fibonacci Updated 

Some interesting analysis has shown itself through Price Action and the added help from the indicator Relative Strength Index!! I solely base my analysis off of price action, then add indicators later to solidify any bias! What I am witnessing is called a Divergence where Price action, in this case, is giving us Higher Highs where our RSI indicator is giving us...

Novi_Fibonacci Updated 

USD/CAD price action is outlining what LOOKS to be a possible Ascending Triangle! Ascending Triangles, made of Higher Lows into a Resistance zone, typically mean BULLISH momentum is starting to step in!! *Ascending Triangle will be Tried and True if price action is able to break up above 1.35242! **Price breaking down below Bottom Leg will INVALIDATE Chart...

Novi_Fibonacci Updated 

Here we have a possible long term BEARISH analysis on Gold. Gold seems to be respecting this Falling Resistance that reared its face upon price reaching 2081 (May 4th) then declining to then retest this Resistance a 2nd time at 1953 (Sep. 1st) bringing us to the 3rd attempt at 1937 (Sep. 19th) Following this 3rd attempt, price has STEADILY declined into what...