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 1.62 to 8.93 . . 2 (94.80%)
Intermediate 2 to 4.23 . . 2.26 (88.34%)
Short 3.86 to 2.25 2.67 (26.09%) . .