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 2.34 to 0.807 1.42 (39.99%) . .
Intermediate 1.63 to 0.807 . . 1.42 (74.48%)
Short 0.807 to 1.42 . . 0.89 (86.46%)