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 5.55 to 3 . 4.37 (53.73%) .
Intermediate 4.66 to 3 . . 4.37 (82.53%)
Short 4.37 to 3.24 3.51 (23.89%) . .