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 to 8.32 . . 6 (69.88%)
Intermediate 8.32 to 6 . . 7.8586 (80.11%)
Short 7.8969 to 6 . . 7.8586 (97.98%)