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 17.5 to 21.85 . 19.66 (50.34%) .
Intermediate 21.85 to 19.66 . . 21.71 (93.61%)
Short 19.66 to 21.71 . 20.73 (47.80%) .