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 2.36 to 1.33 . . 2.49 (112.62%)
Intermediate 2.04 to 1.33 . . 2.49 (163.38%)
Short 1.33 to 2.49 . 1.85 (55.17%) .