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 to 6.24 . . 2.18 (65.06%)
Intermediate 4.01 to 2.18 . 2.95 (42.08%) .
Short 3.11 to 2.18 . . 2.95 (82.80%)