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 8 to 6.22 6.54 (17.98%) . .
Intermediate 7.34 to 6.22 6.54 (28.57%) . .
Short 6.93 to 6.22 . 6.54 (45.07%) .