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 1.2 to 0.78 . 1.03 (59.52%) .
Intermediate 0.805 to 1.05 . . 0.7399 (126.57%)
Short 1.05 to 0.822 . . 1.02 (86.84%)