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 4.75 to 2.98 . 3.75 (43.50%) .
Intermediate 4 to 2.98 . . 3.75 (75.49%)
Short 3.33 to 3.75 . . 3.4875 (62.50%)