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 10579 to 9111 . . 10588 (100.61%)
Intermediate 9111 to 10533 . . 9278 (88.26%)
Short 10533 to 9278 . . 10588 (104.38%)