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 6.18 to 5.38 . 5.72 (42.50%) .
Intermediate 6.1 to 5.38 . 5.72 (47.22%) .
Short 5.93 to 5.38 . . 5.72 (61.82%)