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 3.66 to 1.59 2.26 (32.37%) . .
Intermediate 1.59 to 2.33 . . 1.83 (67.57%)
Short 2.33 to 1.83 . 2.12 (58.00%) .