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 1.21 to 6.59 . . 2.2 (81.60%)
Intermediate 6.59 to 2.18 . 4.37 (49.66%) .
Short 2.18 to 3.42 3 (33.87%) . .