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 4.9 to 2 . 3.64 (56.55%) .
Intermediate 2.02 to 3.64 . 2.89 (46.30%) .
Short 2.49 to 3.64 . . 2.89 (65.22%)