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 32 to 22.55 . 28 (57.67%) .
Intermediate 29.4352 to 22.55 . . 28 (79.16%)
Short 28 to 23.82 . . 27.84 (96.17%)