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 60.25 to 49.23 . 55.15 (53.72%) .
Intermediate 57.6 to 49.23 . . 55.15 (70.73%)
Short 57 to 49.23 . . 55.15 (76.19%)