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 7.1425 to 6.155 . . 6.99 (84.56%)
Intermediate 6.99 to 6.3 . 6.63 (47.83%) .
Short 6.99 to 6.3 . 6.63 (47.83%) .