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 to 2.97 . . 2.19 (80.41%)
Intermediate 2.34 to 2.95 . . 2.19 (124.59%)
Short 2.95 to 2.28 2.3 (2.99%) . .