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 0.05 to 0.4 0.3 (28.57%) . .
Intermediate 0.295 to 0.4 . . 0.3 (95.24%)
Short 0.4 to 0.3 0.34 (40.00%) . .