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 0.83 to 3.38 . . 1.55 (71.76%)
Intermediate 3.38 to 1.55 . 2.61 (57.92%) .
Short 2.61 to 1.83 . . 2.47 (82.05%)