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 6.38 5.4 (15.36%) . .
Intermediate 4.77 to 6.38 . . 5.4 (60.87%)
Short 4.975 to 6.38 . . 5.4 (69.75%)