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 12.55 to 7.07 8.85 (32.48%) . .
Intermediate 11.09 to 7.07 . 8.85 (44.28%) .
Short 9.32 to 7.07 . . 8.85 (79.11%)