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 50.45 to 41 . . 49.77 (92.80%)
Intermediate 50.45 to 42.01 . 47 (59.12%) .
Short 47.6 to 42.01 . . 47 (89.27%)