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 to 12.8 8.74 (31.72%) . .
Intermediate 8.415 to 12.8 . . 8.74 (92.59%)
Short 12.8 to 11.06 11.15 (5.17%) . .