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 16.5 to 9.93 11.35 (21.61%) . .
Intermediate 13.25 to 9.93 . 11.35 (42.77%) .
Short 11.41 to 9.93 . . 11.35 (95.95%)