Robert24

HPQ precision in arcs

Short
NYSE:HPQ   HP Inc.
5
Just to mention. The scale almost always goes out slightly. These points were set as perfect as could be but the scale doesn't hold it's precise lock well enough. It's because the accuracy is based on bars not pixels. Try to avoid using TOO MANY RATIOS. You only want 2 OR 3 REALLY GOOD ONES.
.874 and 1 are my favorites. On a different scaling you might get different numbers, but inverses should show up. ie. 874 and 1.144 or .886 and 1.13 etc. .874 to 1=1 to 1.144 (same arc radius if the start point is the same.)
My ratios are .618,.7071(sine 45),.764,.809 (inverse of 1.236), .874(square root of .764),1,1.08(.764//7071),1.144(inverse of .874),1.236(2*.618),1.4142(inverse of .7071 and sine 45's cosecant). I challenge you to find horizontal ratios in fibs that have this kind of accuracy. I think the stock market is set up more with distance and angle geometry or trigonometry ...than percentages and levels.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.