In a previous post we discussed phi, the Golden Ratio, 0.618. Adjacent numbers along the Fibonacci Sequence trend toward this ratio. Growth and decay can be witnessed through this proportion.
Using daily closes, I have overlaid the SMAs and EMAs. The same colors represent the same set of periods while the brighter color is the EMA and the duller color is the SMA.
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
Next we will take a look at Moving Averages using Lucas Numbers and conclusions will be saved for later.
Comentário
Accidentally forgot to update the indicator before posting. I had originally used a teal in between light blue and light green that I decided to get rid of, so the following is the corrected legend:
5 black 8 orange 13 red 21 pink 34 purple 55 dark blue 89 light blue 144 teal 233 light green 377 black 610 orange 987 red 1597 pink 2584 purple 4181 dark blue
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