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 5.74 to 16.43 . . 7.63 (82.32%)
Intermediate 13 to 7.8 9.04 (23.85%) . .
Short 10.76 to 7.8 . 9.04 (41.89%) .