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 1.2155 to 1.1828 . . 1.2122 (89.91%)
Intermediate 1.1828 to 1.2122 1.2039 (28.23%) . .
Short 1.197 to 1.2122 . 1.2039 (54.61%) .