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01 July 2012

Fibonacci Rainbows

In honor to the celebrations in Canada today and in the US on the 4th, it's time for fireworks.

Suppose the algo's do their calculus in Fibonacci numbers along exponential moving averages and this spectacle of rainbows could even paid off very well. Happy celebrations!


[EDIT] For anyone interested in important Fibonacci levels the article on Safehaven is a must read!

Look for the Rainbow thinkscript studies code in the comment section below.