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 3.87 to 1.08 2.15 (38.35%) . .
Intermediate 2.18 to 1.08 . . 2.15 (97.27%)
Short 2 to 1.38 . 1.74 (58.06%) .