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 2.7 to 0.89 . 1.85 (53.04%) .
Intermediate 1.97 to 0.89 . . 1.85 (88.89%)
Short 0.89 to 1.85 1.49 (37.50%) . .