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 2.2 to 1.09 . . 2.13 (93.69%)
Intermediate 1.88 to 1.09 . . 2.13 (131.65%)
Short 1.09 to 2.13 . 1.68 (43.27%) .