Articles related to Fibonacci
 
Steve Saville - Speculative Investor
TSI’s Principles of Technical Analysis
Although my primary focus is on the fundamentals, I do use Technical Analysis (TA). However, many of my TA-related beliefs deviate from the mainstream. Below is a collection of these beliefs presented in no particular order. The collection is not comprehensive, but it gives an overview of how I think historical price action can and can’t be used. Note that there is significant repetition in the following list, in that a similar meaning is sometimes conveyed in separate points using different wor
Wednesday, November 20, 2019
Przemyslaw Radomski CFA - SunshineProfits
2018 Reversal Dates for Gold, Silver and Gold Stocks
Friday’s session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn’t really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It’s not the time to look away from all the signs – it’s time to take advantage of them. In addition to showing you how we plan to proceed with the above, we’ll discuss something much bigger – the dates at which gold, silver and gold miners are likel
Tuesday, March 20, 2018
Przemyslaw Radomski CFA - SunshineProfits
Has Bitcoin Bought It
Punch-drunk from a series of crunching blows, dazed and confused, staggering for the ropes. It’s hard not to get the image of Bitcoin being pummeled by the market, getting the wind knock out of it. But is this picture true? Instead of focusing on what swirls around in the media, a cautious investor would instead reach out for what might drive their profits. Google has moved to ban Bitcoin-related adds. This shouldn’t be particularly surprising, given the fact that there’s been precedent in the f
Saturday, March 17, 2018
Przemyslaw Radomski CFA - SunshineProfits
Crude Oil – Who Wants the Triangle
On Thursday crude oil wavered between small gains and losses, but finished the day only 23 cents above Wednesday closing price. Such small daily changes that we observe recently don’t look too encouraging for oil bulls or for the bears. However, to dispel boredom, we rummaged deeper in the charts and we found something that may interest both sides of the market’s battle. Curious? Nevertheless, before we get to our little surprise, we would like to draw your attention to news from the IEA. Yester
Saturday, March 17, 2018
Przemyslaw Radomski CFA - SunshineProfits
EUR/USD – Something Old, Something New and… Something Blue
Since the beginning of the month all battles between bulls and bears run in a fairly narrow area, which unfortunately doesn’t create good investment opportunities. In today's alert, we looked at the broader perspective of EUR/USD and the USD Index itself, and we already have our own types where we will likely open next positions. If you do not want to miss the levels that we think about, take a look at our today's analysis. EUR/USD From today’s point of view, we see that the situation in the
Friday, March 16, 2018
Przemyslaw Radomski CFA - SunshineProfits
Riding the Current Wave in Bitcoin
In a move surprising to some, the SEC has announced that a number of cryptocurrency exchanges must register with the agency. Without naming names, the race has begun to determine if a specific platform meets the definitions put forward by the SEC. As our readers are aware, this is actually not surprising at all. In fact, it is only one small step in a broader trend recognizable in the Bitcoin market. How this specific event translates into the current trading conditions is what’s most interestin
Saturday, March 10, 2018
Przemyslaw Radomski CFA - SunshineProfits
Stock Market Shrugs Off Trade War Fears, But Will It Go Higher
Wednesday's trading session was overall bullish, as the main stock market indexes closed between -0.3% and +0.3% vs. their Tuesday's closing prices following much lower opening in reaction to Gary Cohn's resignation's news. The S&P 500 index closed virtually flat after bouncing off support level at 2,700. It currently trades around 5% below January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.3%, and the technology Nasdaq Composite gained 0.3% on Wednesday.Technical outloo
Friday, March 9, 2018
Przemyslaw Radomski CFA - SunshineProfits
$10 Move in Crude Oil in Just 1 Month Impossible vs. “I’m Possible”
Sounds crazy, right? But from time to time crazy is something that does indeed take place, and these are the times when the prepared are much more profitable than those who were caught with their guard down. There is one analogy that points to the possibility of seeing such a big move in the price of crude oil. What if? Yesterday, the U.S. Energy Information Administration showed that crude oil inventories rose less than analysts had forecast. Was that a bullish news? In our opinion, absolutely
Friday, March 9, 2018
Przemyslaw Radomski CFA - SunshineProfits
Is Another Opportunity on Forex Market Lurking Just Around the Corner
The combination of several resistances turned out to be a too big challenge for the buyers at the end of the previous week, which resulted in a decline in the greenback on the following days. Does it mean that another profitable opportunity may be just around the corner? EUR/USD and Bullish Formation On Friday, we wrote the following: The first thing that catches the eye on the above chart is an invalidation of the tiny breakdown under the 38.2% Fibonacci retracement and the green zone. Ye
Tuesday, March 6, 2018
Przemyslaw Radomski CFA - SunshineProfits
Gold’s Chance to Finally Shine and its Upside Target for Friday
Taking profits on our short positions and closing them on Thursday turned out to be a good idea. Gold, silver and – on an intraday basis – mining stocks moved higher on Friday, while the USD Index declined. But, is the rally over after just one day? Not likely – gold’s and miners’ turning points are likely to result in something more than just a daily rally. So, how high is gold likely to rally this time? That’s what we discuss in the following part of today’s alert. But first, let’s take a look
Tuesday, March 6, 2018
Przemyslaw Radomski CFA - SunshineProfits
Alleged SEC Probe Leaves Bitcoin Market Confounded
The market is hectic. The attention span of most investors is short. The long-term implications of one particular trend among governments the world all over has far reaching implications for the future of digital currencies. The question now is if this often overlooked factor tells us anything anything about the way the Bitcoin market behaves, the way digital currencies react to unexpected news and how to navigate the current complex short-term environment. The factor we’re writing about is gove
Saturday, March 3, 2018
Przemyslaw Radomski CFA - SunshineProfits
Euro, Cable and Aussie - The Reward for Patience
February was the best month for the U.S. dollar since October. Nevertheless, what goes up must fall someday. Yesterday, the gravity caught the greenback after President Donald Trump said the country will impose tariffs on steel and aluminum imports. As a result, the USD Index reversed and declined, supporting our three currency pairs. Will yesterday’s news kill the greenback’s rally in the coming days? Analyzing the charts after yesterday’s session we noticed several disturbing factors, which ca
Saturday, March 3, 2018
Przemyslaw Radomski CFA - SunshineProfits
Crude Oil – It Smells Like… Profits
Although oil bulls pushed black gold higher after yesterday market’s open, their triumph was very short-lived. Looking at the daily chart, it even tempts to say that their rally took place on an empty tank. Why? Because thanks to yesterday’s decline oil bears not only made short positions more profitable, but also gained next pieces to their puzzle. Let's check them together in today's alert. Today's alert will start a little differently than usual, because we will take you on a small journey to
Friday, March 2, 2018
Przemyslaw Radomski CFA - SunshineProfits
Gold Stocks Break Down below 2017 and 2018 Lows!
The HUI Index just closed below both 2017 and 2018 lows. The interpretations of many developments in the market are vague and subjective. But not major breakdowns. Gold miners just showed exceptional weakness by closing at new lows even though gold is still above $1,300 and the S&P corrected more than half of its recent sharp decline. Can anything save the precious metals sector from falling further? Yes, but based on what happened yesterday, it seems that the golden Superman may have some troub
Thursday, March 1, 2018
Przemyslaw Radomski CFA - SunshineProfits
The Coherent, The Foremost, and the Remarkable
The previous week was quite rich in important events. Silver rallied significantly on Wednesday and mining stocks underperformed significantly on Thursday. Gold declined significantly after moving to the previous high, but without a breakdown to new 2018 lows the situation remains tense, especially that the USD Index is fighting to break above an important support / resistance line. These signals may seem random, but if you’ve seen similar cases many times before, it all becomes coherent. Especi
Tuesday, February 27, 2018
Clive Maund
BROAD US STOCKMARKET update - IN POSITION FOR DOWNWAVE NUMBER 2...
This is a very timely point to remind ourselves that when the market broke down and plunged a few weeks ago, it did so from a parabolic blowoff top, or as we had defined it, a 4-arc Fan Ascent, which amounts to the same thing for practical purposes, a top that was accompanied by all oscillators and indicators being at record overbought extremes. While this top may not look all that extreme compared to something like Bitcoin, we should keep in mind that the broad US stockmarket is infinitely grea
Sunday, February 25, 2018
Przemyslaw Radomski CFA - SunshineProfits
Relationship Between Crude Oil and U.S. Dollar in February 2018
On Thursday, the price of black gold moved higher after the EIA weekly report showed an unexpected decline in crude oil inventories. Is this one bullish factor strong enough to push light crude higher in the following days? What did the buyers miss? Yesterday, the Energy Information Administration reported that crude oil inventories declined by 1.6 million barrels in the week ended Feb. 16, beating expectations for a gain of around 1.8 million barrels. This first in four weeks decline in crude o
Saturday, February 24, 2018
Przemyslaw Radomski CFA - SunshineProfits
Vicious Trio Keeps Bitcoin in Chokehold
The craziness of it. Bitcoin has been storming up and down, from $20,000 to $6,000 and back to $11,000 again. This volatility makes most traders’ stomachs churn, their faces go pale and their palms start to sweat. As if this action weren’t enough, an unknown trader has put their money where their mouth is – all $400 million of it. One can’t help but wonder what in the market justifies such an extreme move. On the Fortune website, we read: An anonymous trader has sunk $400 million—enough to buy N
Friday, February 23, 2018
Przemyslaw Radomski CFA - SunshineProfits
Why Recent Lows Are Crucial for Greenback
Since Friday, the USD Index extends increases and makes up for lost points. Looking at the daily chart you can even conclude that the bulls use every opportunity to push away their opponents from the recent lows. Why are they so important to them? We took a closer look at the situation and we already know the Achilles’ heel of the bulls. Do you also want to know it? We invite you to read today's alert. Focus on the USD Index Before we analyze the recent changes in our currency pairs, we decided
Friday, February 23, 2018
Przemyslaw Radomski CFA - SunshineProfits
Miners’ Rally What Rally Watch Out for More Fake Moves!
Remember how mining stocks soared on Valentine’s Day and how we wrote that a rally is not necessarily bullish? Guess what – this rally has been more than erased. Miners not only closed below the February 14th opening price, but also below the February 13th and 12th closing prices. Mining stocks big rally turned out to be nothing more than just a regular 50% retracement during a decline – something that we saw many times in the past and that we described as likely. But, since the rally was rather
Wednesday, February 21, 2018
12345678910...