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 7.83 to 4.62 5.36 (23.05%) . .
Intermediate 6.05 to 4.62 . 5.36 (51.75%) .
Short 5.65 to 4.62 . . 5.36 (71.84%)