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 1.98 to 2.99 . 2.565 (42.08%) .
Intermediate 2.55 to 2.99 . . 2.565 (96.59%)
Short 2.9 to 2.56 . 2.72 (47.06%) .