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 6.3 to 2.33 . . 4.85 (63.48%)
Intermediate 4.4 to 2.33 . . 4.85 (121.74%)
Short 3.75 to 4.45 4.2 (35.71%) . .