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 1.8 to 0.723 . . 1.52 (74.00%)
Intermediate 1.52 to 1.06 . 1.25 (41.30%) .
Short 1.5 to 1.06 . 1.25 (43.18%) .