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 8.51 to 2.91 . . 6.36 (61.61%)
Intermediate 2.91 to 6.36 . . 3.83 (73.33%)
Short 5.7 to 3.78 . . 5.04 (65.62%)