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 8.51 to 2.38 3.83 (23.65%) . .
Intermediate 3.33 to 2.38 . . 3.83 (152.63%)
Short 2.87 to 2.38 . . 3.83 (295.92%)