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 1.58 to 2.39 . 1.975 (51.23%) .
Intermediate 2.39 to 1.96 . 2.21 (58.14%) .
Short 2.27 to 1.96 . . 2.21 (80.65%)