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 2.42 to 23.632 . . 9.32 (67.47%)
Intermediate 23.632 to 11.37 . 16.5 (41.84%) .
Short 16.5 to 9.8 10.75 (14.18%) . .