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 6.35 to 3.17 4.15 (30.82%) . .
Intermediate 4.35 to 3.17 . . 4.15 (83.05%)
Short 3.8875 to 3.17 . . 4.15 (136.59%)