Novi_Fibonacci

Novi_Fibonacci Mod

Some exciting developments have come to light for Tesla and their CEO Elon Musk! Technically, price has been falling since the beginning of August with its Highs and Lows outlining what looks to be price traveling in a Bull Flag! If we want price to travel higher, we need a solid Break and Close above the Falling Resistance! Fundamentally, Tesla announced its...

Novi_Fibonacci Mod

Here we have the Apple Stock on the Daily Chart showing signs of a Falling Wedge! Consisting of Lower Highs and Lower Lows into a Pinch Point where typically we should get a BULLISH break! Technically, if we want to see this stock rise again, we need a good break of the Falling Resistance of the Wedge and with current news events and movements the tech giant is...

Novi_Fibonacci Mod Updated 

Here we have EUR/USD in what looks to be an Inverted Head & Shoulders pattern on the 4Hr Chart! Unlike its counterpart, the Inverted Head & Shoulders is typically a strong reversal pattern found in the markets at the end of a Downtrend where the "Left and Right Shoulders" test approximately the same level with the "Head" being a further test of prices below that...

Novi_Fibonacci Mod Updated 

NAS100USD has been traveling in a Descending Triangle since its High created on July 19th followed by the 3 failed attempts to push higher! Last week ended with STRONG BEARISH MOMENTUM nearly giving us our break of pattern confirmation at 14552.8. Since price closed INSIDE Support and not OUT, the potential for price to remain in pattern a little longer is...

Novi_Fibonacci Mod Updated 

Here I have AUD/USD in what looks to be a Descending Triangle! Price gave us a False Break of the Falling Resistance and now is pushing back down further into pattern! With that being said, there still is play room in the Pinch Point if AU decides to consolidate up to its break point BUT ultimately my bias is BEARISH unless news or other factors...

Novi_Fibonacci Mod

GBP/USD has been falling since July 14th and now is looking like its trapped within what looks to be a Descending Triangle or Pennant considering the current Low is higher in the Support zone then the Previous. The Descending Triangle made of Lower Highs into the Support Zone should typically give us a Bearish Break where price continues LOWER! -What makes this a...

Novi_Fibonacci Mod Updated 

USDCHF has made a STEEP decline since Oct. 3rd giving us a new Lower Low followed by a Lower High indicating DOWNTREND! Last week price broke my Confirmation (Point A) for the Bearish Sequence giving us a NEW LOWER LOW so my expectations for USDCHF is for price to give us a new Lower High and this High being a Sell Entry to take price down to Sequence Target @...

Novi_Fibonacci Mod

Here I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH. Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index. BUT, EUR will be taking the cake for the rest of the week for news with: German Business Climate &...

Novi_Fibonacci Mod Updated 

AUD/JPY price action has outlined what looks to be a Pennant Pattern shown here on the 4Hr chart. Pennant patterns are made up of a Lower Highs and Higher Lows into a "Pinch Point". These patterns, given the right circumstances, break Bullish OR Bearish so its important to monitor price while its in "No Mans Land" and WAIT FOR THE PROPER BREAK so the market shows...

Novi_Fibonacci Mod Updated 

GBP/USD made a great start to the week opening Higher than the Low made last week on Friday followed by a strong Bullish start to the week. -This Bullish start to the week gives a HIGH possibility to the Inverted Head & Shoulders Pattern with price currently pushing up away from this low which would be he "Tip" of the "Right Shoulder". With price breaking above...

Novi_Fibonacci Mod Updated 

EUR/JPY ending price last week left it below the 200 EMA and showing some shift in power with the Bollinger Bands! This week opened low initiating my Trade Action Plan!! -SELL- { SL } 157.717 { ENTRY } 157.455 - 157.393 { TP } 156.455 - 156.079 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING...

Novi_Fibonacci Mod

Last week AUD/JPY declined from a 3rd Attempt at a Higher Higher than its previous Highs on June 18th and Sept. 29th. The strong decline to the Current low in the Support Zone leads me to believe AJ will be Bearish for the week and I also suspect price to give us a bearish break of the Support initiating my Trade Action Plan for the Bearish Sequence!...

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...