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 18.7 to 35.74 29.89 (34.33%) . .
Intermediate 29.02 to 35.74 . . 29.89 (87.05%)
Short 35.74 to 29.83 . 33.3 (58.71%) .