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 1.59 to 2.91 2.51 (30.30%) . .
Intermediate 1.87 to 2.91 2.51 (38.46%) . .
Short 2.53 to 3 . 2.8 (42.55%) .