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 3.55 to 1.23 . 2.19 (41.38%) .
Intermediate 1.23 to 2.2 . 1.8 (41.24%) .
Short 1.35 to 2.2 . 1.8 (47.06%) .