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 0.53 to 1.25 . . 0.8 (62.50%)
Intermediate 1.25 to 0.76 . 0.97 (42.86%) .
Short 1.24 to 0.76 . 0.97 (43.75%) .