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 11.5 to 6.7 . . 10.35 (76.04%)
Intermediate 10.35 to 7.4 . 8.86 (49.49%) .
Short 9.46 to 7.4 . . 8.86 (70.87%)