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 2.96 to 70.67 . . 10.23 (89.26%)
Intermediate 70.67 to 22.41 38.57 (33.49%) . .
Short 23.23 to 10.52 14.82 (33.83%) . .