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 22.96 to 12.55 16.67 (39.58%) . .
Intermediate 21.75 to 12.55 . 16.67 (44.78%) .
Short 15.13 to 12.55 . . 16.67 (159.69%)