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 0.8896 to 0.231 0.386 (23.53%) . .
Intermediate 0.69 to 0.231 0.386 (33.77%) . .
Short 0.231 to 0.39 0.3325 (36.16%) . .