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 2.16 to 0.23 0.3902 (8.30%) . .
Intermediate 0.3902 to 0.24 . 0.31 (46.60%) .
Short 0.32 to 0.24 . . 0.31 (87.50%)