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 5.25 to 8.2 . . 5.4336 (93.78%)
Intermediate 8.2 to 5.3666 . 7.05 (59.41%) .
Short 8.2 to 5.3666 . 7.05 (59.41%) .