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 61.88 to 24.94 33.76 (23.88%) . .
Intermediate 37.49 to 24.94 . . 33.76 (70.28%)
Short 34.73 to 24.94 . . 33.76 (90.09%)