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 28.91 to 14.87 19.4 (32.26%) . .
Intermediate 15.36 to 19.72 . . 16.45 (75.00%)
Short 19.72 to 16.45 . 18.38 (59.02%) .