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 5.49 to 2.65 . . 4.5 (65.14%)
Intermediate 3.19 to 4.5 . 3.73 (58.78%) .
Short 4.5 to 3.73 . . 4.35 (80.52%)