We know what to expect, but we might as well show the chart with Exponential Moving Averages. I begin to wonder if the deviations between close moving averages have any significance.
Using daily, weekly, and monthly closes, I have overlaid the EMAs using the Fibonacci Sequence to determine the number of periods to measure.
Starting with the 5th number of the Fibonacci Sequence:
5 black
8 orange
13 red
21 pink
34 purple
55 dark blue
89 light blue
144 light green
233 black
377 orange
610 red
987 pink
1597 purple
2584 dark blue
4181 light blue
We really don't need to consider multiple time frames, but should remain cognizant that using a shorter period to measure the sets will result in more precision given sequential numbers approach phi, the golden ratio.
Using daily, weekly, and monthly closes, I have overlaid the EMAs using the Fibonacci Sequence to determine the number of periods to measure.
Starting with the 5th number of the Fibonacci Sequence:
5 black
8 orange
13 red
21 pink
34 purple
55 dark blue
89 light blue
144 light green
233 black
377 orange
610 red
987 pink
1597 purple
2584 dark blue
4181 light blue
We really don't need to consider multiple time frames, but should remain cognizant that using a shorter period to measure the sets will result in more precision given sequential numbers approach phi, the golden ratio.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.