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 0.59 to 0.505 . . 0.595 (105.88%)
Intermediate 0.535 to 0.585 . . 0.55 (70.00%)
Short 0.585 to 0.55 . . 0.595 (128.57%)