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 7.08 to 6.11 . . 7.16 (108.25%)
Intermediate 6.72 to 6.94 . 6.85 (40.91%) .
Short 6.8 to 6.94 . . 6.85 (64.29%)