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 15.05 to 31 . 21.7 (58.31%) .
Intermediate 31 to 21.7 . . 27.48 (62.15%)
Short 27.74 to 25.14 . . 26.9 (67.69%)