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 to 6.74 . 3.21 (52.37%) .
Intermediate 5.77 to 3.21 . 4.71 (58.59%) .
Short 3.21 to 4.71 . 3.998 (47.47%) .