Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals.
Time FrameTrend38.2%50%61.8%
Long 7.03 to 2.8 . . 5.36 (60.52%)
Intermediate 2.8 to 3.93 . 3.31 (54.87%) .
Short 3.2 to 5.36 4.9 (21.30%) . .