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 3.1 to 5.33 . 4.1 (55.16%) .
Intermediate 3.98 to 5.33 . . 4.1 (91.11%)
Short 5.33 to 4.1 . . 5.27 (95.12%)