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 11.555 to 6.78 . 8.7 (40.21%) .
Intermediate 8.75 to 6.78 . . 8.7 (97.46%)
Short 7.45 to 8.7 8.7 (0.00%) . .