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 5.3 to 3.92 . 4.65 (52.90%) .
Intermediate 4.65 to 3.92 . . 4.65 (100.00%)
Short 4.01 to 4.65 4.49 (25.00%) . .