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 10.37 to 6.22 . 8.3 (50.12%) .
Intermediate 6.22 to 8.3 . 7.46 (40.38%) .
Short 8.3 to 7.46 . . 8.12 (78.57%)