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 0.24 to 0.58 0.54 (11.76%) . .
Intermediate 0.3 to 0.58 0.54 (14.29%) . .
Short 0.39 to 0.58 0.54 (21.05%) . .