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 16.03 to 22.32 20.77 (24.64%) . .
Intermediate 22.32 to 20.77 . . 22.43 (107.10%)
Short 22.02 to 20.77 . . 22.43 (132.80%)