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 1.625 to 1.485 . . 1.6 (82.14%)
Intermediate 1.49 to 1.605 1.585 (17.39%) . .
Short 1.57 to 1.605 . 1.585 (57.14%) .