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 7 to 3.55 . . 5.695 (62.17%)
Intermediate 5.695 to 4.15 . . 5.206 (68.35%)
Short 5.055 to 3.57 3.885 (21.21%) . .