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 39.23 to 23.2 29.45 (38.99%) . .
Intermediate 32.27 to 23.2 . . 29.45 (68.91%)
Short 28 to 23.2 . . 29.45 (130.21%)