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 22.43 to 18.7 . 20.56 (49.87%) .
Intermediate 21.16 to 18.7 . . 20.56 (75.61%)
Short 19.35 to 20.56 . 20.05 (42.15%) .