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 4.44 to 2.71 3.38 (38.73%) . .
Intermediate 3.22 to 2.88 . 3.02 (41.18%) .
Short 2.88 to 3.02 . . 2.88 (100.00%)