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 6.18 to 2.16 . 3.86 (42.29%) .
Intermediate 2.74 to 3.404 . . 2.92 (72.89%)
Short 2.98 to 3.6 . 3.29 (50.00%) .