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 16.2 to 21.75 19.76 (35.86%) . .
Intermediate 21.75 to 19.1 . 20.47 (51.70%) .
Short 20.75 to 19.1 . . 20.47 (83.03%)