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 2.4 to 3.15 . 2.78 (49.33%) .
Intermediate 2.54 to 3.15 . . 2.78 (60.66%)
Short 3.15 to 2.72 . . 3.27 (127.91%)