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 6.95 to 2.79 3.36 (13.70%) . .
Intermediate 3.59 to 2.79 . . 3.36 (71.25%)
Short 3.47 to 2.9 . 3.21 (54.39%) .