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 54.19 to 31.43 39.7 (36.34%) . .
Intermediate 31.43 to 39.7 . . 32.98 (81.26%)
Short 39.7 to 32.98 . . 38.24 (78.27%)