Comments on: Fibonacci-based moving averages: Examples on the daily charts.

By: Raghee Horner

Raghee Horner — Sat, 06 Sep 2008 08:11:42 +0000

Thanks for that Eric. I’ll be doing more of this type of analysis (using Fibonacci-based MAs) here at the Chartology blog.

By: Eric

Eric — Fri, 05 Sep 2008 23:33:26 +0000

Raghee, Thank you for sharing this information with us. It’s Fabulous!

By: Raghee Horner

Raghee Horner — Sat, 30 Aug 2008 23:14:42 +0000

The exponential moving averages are the 144 period, 233, 377, 610,987, and 1597. You can even add the 55 and 89 period EMAs. You already have the 34 period EMA with the Wave.

Think of these as the Fibonacci support and resistance lines on your chart. For new traders that are still learning how to draw trendlines, support and resistance, this is an effective alternative.

Just as any support or resistance level, yes, these levels can identify ceilings and floors.

By: St_Fx

St_Fx — Sat, 30 Aug 2008 01:44:12 +0000

Hi Raghee,
Nice method, i dont know how can i put it on my chart but few question i want to ask,1. you use 6 moveing average to mentioning for 0,23,32,50,68,100% is this right, second about the market from your experience, chart that you post above shows test different percentages do this shows short term bottom and books any significant pull back or hit fibmoving avg.up side.
Thanks.