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 50.37 to 64.5 . 58.22 (44.44%) .
Intermediate 56.45 to 64.5 . . 58.22 (78.01%)
Short 64.5 to 58.22 . 61.87 (58.12%) .