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 17.3 13.76 (20.46%) . .
Intermediate 0.5138 to 17.3 13.76 (21.09%) . .
Short 17.3 to 13.76 . . 17.02 (92.09%)