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 18.1 to 5.23 7.99 (21.45%) . .
Intermediate 8.72 to 5.23 . . 7.99 (79.08%)
Short 5.23 to 8.01 7.25 (27.34%) . .