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 to 3.46 2.45 (29.19%) . .
Intermediate 3.46 to 2.45 . . 3.55 (108.91%)
Short 2.45 to 3.55 3.4 (13.64%) . .