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 1.45 to 0.56 . 0.9557 (44.46%) .
Intermediate 0.6097 to 0.9557 . . 0.7181 (68.67%)
Short 0.87 to 0.7181 . . 0.905 (123.04%)