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 6.15 to 4.51 4.95 (26.83%) . .
Intermediate 4.93 to 4.51 . . 4.95 (104.76%)
Short 4.51 to 4.95 . . 4.55 (90.91%)