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 74.85 to 47.86 58.3 (38.68%) . .
Intermediate 53.42 to 58.51 . . 46.95 (227.11%)
Short 58.51 to 50 51.62 (19.04%) . .