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 0.54 to 0.255 . . 0.4366 (63.72%)
Intermediate 0.255 to 0.4416 . . 0.296 (78.03%)
Short 0.264 to 0.4416 . . 0.296 (81.98%)