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 16.33 to 6.68 . 11.15 (46.32%) .
Intermediate 11.82 to 6.68 . . 11.15 (86.96%)
Short 6.68 to 11.15 . 8.96 (48.99%) .