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 5.1 to 7.95 . 6.61 (47.02%) .
Intermediate 5.26 to 7.95 . 6.61 (49.81%) .
Short 7.95 to 6.55 . 7.18 (45.00%) .