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 3.51 to 1.69 2.3 (33.52%) . .
Intermediate 3.08 to 1.69 . 2.3 (43.88%) .
Short 2.4 to 1.65 . . 2.3 (86.67%)