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 7 . . 2.4 (65.71%)
Intermediate 4.5 to 2.4 . 3.46 (50.48%) .
Short 2.4 to 3.46 . . 2.5 (90.57%)