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 to 17.94 12.15 (32.27%) . .
Intermediate 9.8 to 17.94 . . 12.15 (71.13%)
Short 17.94 to 11.99 . . 15.67 (61.85%)