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 8.9 to 6.68 . . 8.43 (78.83%)
Intermediate 8.66 to 6.68 . . 8.43 (88.38%)
Short 6.68 to 8.43 8.19 (13.71%) . .