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 40 to 34.05 . . 38.1314 (68.59%)
Intermediate 40 to 34.05 . . 38.1314 (68.59%)
Short 38.39 to 36.166 . . 37.68 (68.08%)