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 39.86 . 21.1 (47.06%) .
Intermediate 21.1 to 38.1 . 29.72 (49.29%) .
Short 28.3 to 38.1 . . 29.72 (85.51%)