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 8.37 to 5 . . 7.23 (66.17%)
Intermediate 5.02 to 7.23 6.36 (39.37%) . .
Short 6.22 to 7.08 . . 6.41 (77.91%)