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 0.0405 to 0.0734 . . 0.046 (83.28%)
Intermediate 0.0684 to 0.0451 . 0.0551 (42.92%) .
Short 0.0451 to 0.0551 . . 0.049 (61.00%)