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 11.81 to 6.46 7.79 (24.86%) . .
Intermediate 9.22 to 6.46 . 7.79 (48.19%) .
Short 8.5 to 6.46 . . 7.79 (65.20%)