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 2562.32 to 2952.48 2857.8 (24.27%) . .
Intermediate 2740.6 to 2952.48 . 2857.8 (44.69%) .
Short 2880.08 to 2952.48 . . 2857.8 (130.77%)