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 0.66 to 1.18 0.98 (38.46%) . .
Intermediate 0.73 to 1.18 . 0.98 (44.44%) .
Short 1.18 to 0.98 . . 1.12 (70.00%)