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 6.03 to 1.84 2.33 (11.69%) . .
Intermediate 4.69 to 1.84 2.33 (17.19%) . .
Short 1.84 to 2.33 . 2.1 (46.94%) .