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 to 6.83 6.16 (9.81%) . .
Intermediate 5.87 to 6.83 . . 6.16 (69.79%)
Short 6.2 to 6.74 . . 6.2 (100.00%)