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 0.91 to 1.55 . . 1.055 (77.34%)
Intermediate 1.55 to 1.14 1.28 (34.15%) . .
Short 1.295 to 1.14 . . 1.28 (90.32%)