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 18 to 15.5 16.25 (30.00%) . .
Intermediate 17.07 to 15.5 . 16.25 (47.77%) .
Short 16.99 to 15.5 . 16.25 (50.34%) .