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 5.51 to 8.03 . . 6.23 (71.43%)
Intermediate 8.03 to 6.23 . . 7.45 (67.78%)
Short 7.45 to 6.4 . . 7.11 (67.62%)