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 0.3813 to 0.123 0.225 (39.49%) . .
Intermediate 0.123 to 0.225 . . 0.125 (98.04%)
Short 0.225 to 0.125 . . 0.2 (75.00%)