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 7.01 to 3.05 4.24 (30.05%) . .
Intermediate 5.45 to 3.05 . 4.24 (49.58%) .
Short 3.05 to 4.3 . . 3.19 (88.80%)