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 0.693 to 1.96 . . 0.8571 (87.05%)
Intermediate 0.7219 to 1.96 . . 0.8571 (89.08%)
Short 0.84 to 1.67 . 1.19 (57.83%) .