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 5.65 to 2.32 . 3.9 (47.45%) .
Intermediate 3.9 to 2.42 2.89 (31.76%) . .
Short 3.11 to 1.89 2.36 (38.52%) . .