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 6.21 to 4.87 . . 6.03 (86.57%)
Intermediate 6.06 to 4.95 . 5.52 (51.35%) .
Short 5.9 to 4.95 . . 5.52 (60.00%)