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 1.36 to 5.51 . . 2.4 (74.94%)
Intermediate 2.31 to 3.7 . 2.97 (52.52%) .
Short 2.47 to 3.7 . 2.97 (59.35%) .