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 5.54 to 2.34 3 (20.63%) . .
Intermediate 3.47 to 2.34 . 3 (58.41%) .
Short 3.19 to 2.34 . . 3 (77.65%)