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 18.61 to 11.05 13.49 (32.28%) . .
Intermediate 11.83 to 13.49 . . 12.4 (65.66%)
Short 13.49 to 12.4 . 13 (55.05%) .