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 3.14 to 2.03 . . 2.8 (69.37%)
Intermediate 2.03 to 2.81 2.57 (30.77%) . .
Short 2.81 to 2.6 . 2.71 (52.38%) .