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 2.88 to 2.11 . . 2.7 (76.62%)
Intermediate 2.74 to 2.11 . . 2.7 (93.65%)
Short 2.11 to 2.71 2.5827 (21.22%) . .