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 0.3568 to 0.85 . . 0.4 (91.24%)
Intermediate 0.85 to 0.4 0.514 (25.33%) . .
Short 0.541 to 0.4 . . 0.514 (80.85%)