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 9.13 6.93 (24.10%) . .
Intermediate 6.1905 to 9.13 . . 6.93 (74.84%)
Short 9.13 to 6.93 . . 8.44 (68.64%)