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 3.02 to 1.18 1.62 (23.91%) . .
Intermediate 1.18 to 1.63 . . 1.24 (86.67%)
Short 1.63 to 1.37 1.44 (26.92%) . .