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 7.48 to 1.89 3.16 (22.72%) . .
Intermediate 6.18 to 1.89 3.16 (29.60%) . .
Short 1.89 to 3.2 2.98 (16.79%) . .