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 1.23 to 0.58 . . 1.02 (67.69%)
Intermediate 0.64 to 1.04 0.95 (22.50%) . .
Short 0.901 to 1.04 . . 0.95 (64.75%)