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 2.88 to 1.26 . 2.17 (56.17%) .
Intermediate 2.5 to 1.26 . . 2.17 (73.39%)
Short 2.26 to 1.42 . . 2.07 (77.38%)