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 6.75 to 7.2 . . 6.76 (97.78%)
Intermediate 7.2 to 6.76 . . 7.06 (68.18%)
Short 6.79 to 7.07 . . 6.8 (96.43%)