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 62.16 to 74.35 70.97 (27.73%) . .
Intermediate 69.39 to 74.35 . . 70.97 (68.15%)
Short 74.35 to 71.26 . 72.89 (52.75%) .