Novi_Fibonacci

Novi_Fibonacci Mod Updated 

Here I have Lucid Group, Inc - LCID on the Weekly Chart! First, Technical. We see Price rock bottoms to its Lowest @ $2.29 on April 22 2024 and just after the Negative Earnings and Revenue report on May 6th 2024, Price creates an Equal High @ $3.35 followed by a Violation of Structure giving us a Higher Low @ $2.48 finding Support in the $2.50 Area to then make a...

Novi_Fibonacci Mod

Here I have Invesco Trust NASDAQ:QQQ on the Daily Chart! Invesco Trust NASDAQ:QQQ follows the NASDAQ 100 Index which is Tech-Industry Heavy. Price currently is struggling at ( $485 - $486 ), the 78.6% Fibonacci Level responsible for giving us our B point in what appears to be a potential Bearish Harmonic Butterfly Pattern! Harmonic Butterfly X - B = .786 A...

Novi_Fibonacci Mod Updated 

Here I have AUD/USD on the Weekly & Daily Charts! Starting on the Weekly: - Price has been creating Lower Highs into Higher Lows forming a Pennant Pattern! - Price will consolidate in this formation until we are given a Bullish or Bearish Break. - Aug. 5th - RBA decides to HOLD rates @ 4.35%, afterwards we see a Fake-out of Price Breaking Down the Daily: -...

09:29

Novi_Fibonacci Mod

Hey everyone! I wanted to take some time and put together a quick video of some pairs and a stock I've been keeping analysis on! Interest Rate Cuts for USD will be felt in all financial markets!! Here I point out: AUD/USD - Weekly Pennat AUD/JPY - Weekly Correction Pullback LCID - Fibonacci Levels Let me know what you think!!

Novi_Fibonacci Mod Updated 

Here I have EUR/GBP on the Daily Chart! Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag. -The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue...

Novi_Fibonacci Mod Updated 

Here I have AUD/USD on the 4Hr Chart! Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder". Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start...

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...