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 6.9 to 3.06 4.33 (33.07%) . .
Intermediate 5.98 to 3.06 . 4.33 (43.49%) .
Short 4.28 to 3.06 . . 4.33 (104.10%)