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 6.33 to 2.03 2.21 (4.19%) . .
Intermediate 4.88 to 2.03 2.21 (6.32%) . .
Short 3.1 to 2.03 2.21 (16.82%) . .