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 50.85 38.7501 (23.80%) . .
Intermediate 38.15 to 50.85 . . 38.7501 (95.27%)
Short 50.85 to 38.7501 . . 47.05 (68.59%)