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 5.04 to 7.22 . . 5.74 (67.89%)
Intermediate 5.82 to 7.2 . 6.58 (44.93%) .
Short 7.2 to 6.58 . . 7.02 (70.97%)