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 16.9 to 8.01 10.64 (29.58%) . .
Intermediate 11.67 to 8.01 . . 10.64 (71.86%)
Short 10.73 to 9.42 . . 10.28 (65.65%)