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 6.1 to 3.9 . 5.11 (55.00%) .
Intermediate 5.15 to 3.9 . . 5.11 (96.80%)
Short 3.9 to 5.11 . 4.46 (53.72%) .