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 6.58 to 10.72 . . 7.03 (89.13%)
Intermediate 10.72 to 7.03 . 8.63 (43.36%) .
Short 10.46 to 7.03 . 8.63 (46.65%) .