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 1.49 to 0.48 0.605 (12.38%) . .
Intermediate 1.075 to 0.48 0.605 (21.01%) . .
Short 0.66 to 0.48 . . 0.605 (69.44%)