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 18 to 15.5 . . 17.93 (97.20%)
Intermediate 15.5 to 17.93 . 16.6 (54.73%) .
Short 16.5 to 17.93 . . 16.6 (93.01%)