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 4.87 to 7.8 6.67 (38.57%) . .
Intermediate 5.77 to 7.8 . 6.67 (55.67%) .
Short 7.8 to 6.65 . . 7.58 (80.87%)