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 12.01 to 4.37 7.31 (38.48%) . .
Intermediate 7.4 to 4.37 . . 7.31 (97.03%)
Short 4.37 to 7.32 6.55 (26.10%) . .