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 18.74 to 6.61 7.86 (10.31%) . .
Intermediate 9.57 to 6.61 . 7.86 (42.23%) .
Short 8.38 to 6.61 . . 7.86 (70.62%)