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 2.99 1.93 (35.45%) . .
Intermediate 2.77 to 1.93 . . 2.64 (84.52%)
Short 2.17 to 1.93 . . 2.64 (295.83%)