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 10.16 to 6.5 7.41 (24.86%) . .
Intermediate 8.73 to 6.5 . 7.41 (40.81%) .
Short 7.98 to 6.5 . . 7.41 (61.49%)