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 9622.7 to 11069.3 10713.7 (24.58%) . .
Intermediate 10282.7 to 11069.3 . 10713.7 (45.21%) .
Short 10797.6 to 11069.3 . . 10713.7 (130.88%)