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 5.85 to 9.57 8.1 (39.52%) . .
Intermediate 9.57 to 8.06 . . 9.17 (73.51%)
Short 8.4 to 9.34 . . 8.64 (74.47%)