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 0.29 to 0.1775 . . 0.2637 (76.62%)
Intermediate 0.1775 to 0.2655 . 0.2163 (55.91%) .
Short 0.2655 to 0.2163 . 0.2424 (53.05%) .