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 28.16 to 16 20.17 (34.29%) . .
Intermediate 27.25 to 16 20.17 (37.07%) . .
Short 22.89 to 16 . . 20.17 (60.52%)