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 4.41 to 6.47 6.02 (21.84%) . .
Intermediate 5.81 to 6.47 . . 6.02 (68.18%)
Short 6.47 to 6.02 . . 6.68 (146.67%)