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 0.7919 to 0.413 . 0.633 (58.06%) .
Intermediate 0.6321 to 0.413 . . 0.633 (100.41%)
Short 0.413 to 0.633 0.603 (13.64%) . .