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 22.39 to 31 . . 24.04 (80.84%)
Intermediate 31 to 24.04 . 27.07 (43.53%) .
Short 30 to 24.04 . 27.07 (50.84%) .