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 8.9 to 6.8 . 8.05 (59.52%) .
Intermediate 8.1 to 7.64 . . 8.05 (89.13%)
Short 8.05 to 7.58 . . 7.87 (61.70%)