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 47.8 to 23.18 32.17 (36.52%) . .
Intermediate 38.19 to 23.18 . 32.17 (59.89%) .
Short 23.18 to 31.96 28.97 (34.05%) . .