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 20.75 to 23.64 . . 21.41 (77.16%)
Intermediate 23.64 to 21.41 . 22.7 (57.85%) .
Short 23.64 to 21.41 . 22.7 (57.85%) .