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 to 9.42 8.2 (12.95%) . .
Intermediate 5.377 to 9.42 8.2 (30.18%) . .
Short 7.53 to 9.42 . . 8.2 (64.55%)