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 17.1 to 21.61 . 19.2 (53.44%) .
Intermediate 21.61 to 18.09 . . 21.084 (85.06%)
Short 21.61 to 18.09 . . 21.084 (85.06%)