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 34.51 to 17.79 22.86 (30.32%) . .
Intermediate 23.61 to 19.14 20.43 (28.86%) . .
Short 22.1 to 19.14 . 20.43 (43.58%) .