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 7.12 to 6.2 . 6.73 (57.61%) .
Intermediate 7.1 to 6.2 . 6.73 (58.89%) .
Short 6.6 to 6.2 . . 6.73 (132.50%)