Novi_Fibonacci

Novi_Fibonacci Mod

Here I have EUR/USD on the 4Hr Chart! EU Bears have been pulling price down forming what seems to be a Falling Wedge since the end of August but could the Double Bottom made by the Sell-Side Liquidity and New Swing Low be a sign that Price is loading up to make its Bullish Break?! Now we see Price after being rejected from the Falling Resistance, descending to...

Novi_Fibonacci Mod Updated 

Here I have AUD/USD on the Daily Chart! From Friday's High @ .67672 to its Low @ .66597, we can see we get the Confirmation of a strong reversal pattern with the Break of the Neckline of the Head & Shoulders! Now what I'd like to see off the same High and Low of Friday is Price give us a 38.2% Retracement of the Low & Pullback to test the Neckline for potential...

Novi_Fibonacci Mod Updated 

Here I have GBP/USD on the 30 Min Chart! Price has found Support from the July Highs! Upon reaching the Low @ 1.30493 I notice a couple things: -Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence -Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values) Harmonic Crab XACBD Values: X-B ( .382 - .618 ) A-C...

Novi_Fibonacci Mod Updated 

Here I have GBP/USD on the 4Hr Chart! Friday gave us a STRONG break through this Area that acted as Support getting Price to its High @ 1.32664 but soon after we see price melt! I suspect we are looking at a Correction Wave where Price gave us a Lower Low (Point A) @ 1.31672 which Broke Structure, followed by a Lower High (Point B) @ 1.32271 Confirming...

Novi_Fibonacci Mod Updated 

Here I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @...

Novi_Fibonacci Mod Updated 

Here I have AUD/JPY on the 4Hr Chart! Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone! All along the way, creating Higher Highs and Lows forming a Bearish Wedge! Price is unable to Close above 97.472 being the 61.8% level, so I suspect we...

Novi_Fibonacci Mod

Here I have EUR/GBP on the 4Hr Chart! Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area. This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405! Before the Final Extension can...

Novi_Fibonacci Mod Updated 

Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783...

Novi_Fibonacci Mod Updated 

Here I have GBP/USD on the 1 Hr chart! Price dipped down into the Support Zone that was recently used in the beginning of July making its Low @ 1.2707! Afterwards, price came right back up to make an Equal High @ 1.28404 forming quite a popular Reversal Pattern, the Cup & Handle!! Now this PA formed the "Bowl" and after the Equal High, using the Fib Retracement...

Novi_Fibonacci Mod

Here I have EUR/GBP on the Daily chart! The Lows @ .83972 & .83827 seem to have found enough Support in this Zone since its last visit back in the summer of 2022! After BOE decided to cut their Interest Rates to 5% on Thursday, we see the end of the week gave us quite a Bullish close above the Lower High @ .8490 CONFIRMING the Double Bottom Reversal...

Novi_Fibonacci Mod Updated 

Here I have EUR/USD on the 4 Hr Chart! The Head & Shoulders Reversal Pattern took all mid-July to form with Price finally Breaking the Low @ 1.08715 and giving us the New Lower Low @ 1.08256! Price has been working back up to test the Break of Confirmation of Pattern but remains unable to break above, and with this Price Action, we begin to see a Bearish Wedge...

Novi_Fibonacci Mod

Here I have AUD/JPY on the Daily Chart! Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave! With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially...

07:39

Novi_Fibonacci Mod

Hey Everyone!! Here is my Weekend Analysis Round Up for Market Open!! 1) EUR/USD - Head & Shoulders Pattern w/Potential Bearish Wedge as Continuation Confirmation!! 2) AUD/JPY - Possible Correction Wave based off new LOWER LOW! 3) Doge - Stuck in a Pennant?!

Novi_Fibonacci Mod Updated 

Here I have Dogecoin on the Daily Chart! Starting with Technical Analysis: Since its visit at the High in Dec. 2023 (.0945 - .1020) Support Zone, Dogecoin has had quite the Bullish Run! Currently this rally is being halted @ .1363 as Price is testing not only the (.1280 - .1440) Resistance Zone but the Falling Resistance based off the Highs in March & May! If...

Novi_Fibonacci Mod Updated 

Here I have EUR/USD on the 4Hr Chart! Price has had quite a bit of trouble dealing with this Resistance Zone @ ( 1.09047 - 1.08841 ) Upon its attempts to Break above all last week Higher and Higher, these attempts failed and on the RSI, registered as Lower and Lower Highs, signaling the Bullishness is FADING! The Last High @ 1.0948 was followed by a decline...

14:20

Novi_Fibonacci Mod

Hey everyone! In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE! Today, I took some time to put together an Educational Video on: 1) What a Divergence Is? 2) How to Spot them! & 3) How to Trade them! I hope you find this helpful! **Tips - Divergence is never good enough to trade alone, YOU...

07:48

Novi_Fibonacci Mod

Hey everyone! Here's my ongoing analysis on a couple pairs: EUR/USD -Potential Reversal Pattern AUD/JPY -End of an Impulse, Beginning of the Fall?! *As price develops, individual trade ideas will be published! -Thanks and Stay Tuned!

Novi_Fibonacci Mod Updated 

Here I have AUD/USD on the Daily Chart! Since price last visited the 2023/2024 Fall Support Zone making a Divergent Low @ .63623 , it has continued to move higher finding Support at a Local Support Zone! After this we see a New High @ .67141! Using the Fib Tool from Divergent Low to New High, we are given a Fib Entry Zone where Price has already corrected...