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 10.28 to 2.39 . 6.79 (55.77%) .
Intermediate 2.39 to 4.55 3.72 (38.43%) . .
Short 4.55 to 3.72 . . 6.79 (369.88%)