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 8.48 to 6.32 7.15 (38.43%) . .
Intermediate 7.46 to 6.32 . . 7.15 (72.81%)
Short 6.56 to 7 . . 6.58 (95.45%)