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 3.62 to 10.71 8.51 (31.03%) . .
Intermediate 10.71 to 8.37 . . 10.59 (94.87%)
Short 10.49 to 8.51 . . 10.04 (77.27%)