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 1.1 to 7.4 . . 2.07 (84.60%)
Intermediate 7.4 to 2.05 2.97 (17.20%) . .
Short 7.4 to 2.05 2.97 (17.20%) . .