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 12.02 to 93.76 . . 24.5 (84.73%)
Intermediate 20.75 to 93.76 . . 24.5 (94.86%)
Short 63 to 24.5 39.19 (38.16%) . .