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 9.72 to 4.8 6.3896 (32.31%) . .
Intermediate 6.9 to 4.8 . . 6.3896 (75.70%)
Short 6.3896 to 5.33 . . 6.0659 (69.45%)