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 2.9 to 1.3 . . 2.3 (62.50%)
Intermediate 1.3 to 2.35 . . 1.57 (74.29%)
Short 1.93 to 1.66 . 1.79 (48.15%) .