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 1.26 to 3.1 2.385 (38.86%) . .
Intermediate 2.25 to 3.1 . . 2.385 (84.12%)
Short 2.4 to 3.1 . . 2.385 (102.14%)