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 2.4 to 1.1 1.52 (32.31%) . .
Intermediate 1.76 to 1.1 . . 1.52 (63.64%)
Short 1.1 to 1.46 1.41 (13.89%) . .