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 2.84 to 1.55 . . 2.62 (82.95%)
Intermediate 2.84 to 1.55 . . 2.62 (82.95%)
Short 1.55 to 2.48 2.32 (17.20%) . .