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 2.28 to 0.69 0.969 (17.55%) . .
Intermediate 1.26 to 0.69 . 0.969 (48.95%) .
Short 1.02 to 0.69 . . 0.969 (84.55%)