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 16 to 10.91 . 13.5 (50.88%) .
Intermediate 14.25 to 10.91 . . 13.5 (77.54%)
Short 13.49 to 11.4 . . 13.35 (93.30%)