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 2.58 to 1.77 . . 2.37 (74.07%)
Intermediate 1.77 to 2.4 . 2.11 (46.03%) .
Short 1.77 to 2.4 . 2.11 (46.03%) .