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 7.94 to 11.07 . . 8.37 (86.26%)
Intermediate 11.07 to 8.43 9.15 (27.27%) . .
Short 9.9 to 8.43 . 9.15 (48.98%) .