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 0.547 to 0.98 . . 0.57 (94.69%)
Intermediate 0.98 to 0.57 0.7059 (33.15%) . .
Short 0.8 to 0.57 . 0.7059 (59.09%) .