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 38.68 to 17.92 22.67 (22.88%) . .
Intermediate 24.9 to 17.92 . . 22.67 (68.05%)
Short 22.9 to 19.04 . 20.98 (50.26%) .