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 3259 to 3688 . 3450 (55.48%) .
Intermediate 3401 to 3688 . . 3450 (82.93%)
Short 3688 to 3450 . . 3725 (115.55%)