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 6.02 to 9.38 8.09 (38.39%) . .
Intermediate 9.38 to 8.03 . . 12.64 (341.48%)
Short 8.03 to 12.65 11.96 (14.94%) . .