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 to 22.545 . . 8.238 (63.46%)
Intermediate 16.54 to 8.238 9.516 (15.39%) . .
Short 11 to 8.238 . 9.516 (46.27%) .