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 3.17 to 0.8361 1.45 (26.30%) . .
Intermediate 1.72 to 0.8361 . . 1.45 (69.45%)
Short 0.8361 to 1.45 . 1.17 (45.61%) .