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 2.37 . 1.37 (42.19%) .
Intermediate 2.03 to 1.37 . . 2.01 (96.97%)
Short 1.37 to 2.01 . 1.63 (59.38%) .