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 20.21 to 7.53 10.83 (26.03%) . .
Intermediate 12.83 to 7.53 . . 10.83 (62.26%)
Short 10.83 to 6.9 7.67 (19.59%) . .