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 6.09 to 7.05 . 6.61 (45.83%) .
Intermediate 6.48 to 7.05 . . 6.61 (77.19%)
Short 7.05 to 6.6 6.72 (26.67%) . .