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 424.71 to 538.17 505.08 (29.16%) . .
Intermediate 483.85 to 538.17 . . 505.08 (60.92%)
Short 538.17 to 505.08 . 521.74 (50.35%) .