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 0.13 to 2.38 1.52 (38.22%) . .
Intermediate 2.38 to 1.52 . 1.903 (44.53%) .
Short 2.07 to 1.52 . . 1.903 (69.64%)