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 14.16 to 19.71 . . 16 (66.85%)
Intermediate 19.71 to 15.96 . 17.48 (40.53%) .
Short 16.59 to 17.48 . . 16.6 (98.88%)