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 8.49 6 (29.33%) . .
Intermediate 6.98 to 6.06 . . 8.88 (306.52%)
Short 6.08 to 6.9 . 6.5 (48.78%) .