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 16.66 to 24.56 21.66 (36.71%) . .
Intermediate 20.9 to 24.56 . . 21.66 (79.23%)
Short 24.56 to 21.66 . . 24.68 (104.14%)