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 2.54 to 3.41 3.1 (35.63%) . .
Intermediate 3.02 to 3.41 . . 3.1 (79.49%)
Short 3.1 to 3.41 . . 3.1 (100.00%)