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 1.66 to 3.92 . . 1.78 (94.69%)
Intermediate 3.47 to 1.78 . . 3.3 (89.94%)
Short 2.92 to 2.07 . 2.56 (57.65%) .