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 9.75 7.57 (22.36%) . .
Intermediate 8.9 to 7.57 . . 8.54 (72.93%)
Short 7.57 to 8.76 . . 7.98 (65.55%)