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 4.24 to 2.34 . 3.14 (42.11%) .
Intermediate 3.13 to 2.34 . . 3.14 (101.27%)
Short 2.34 to 2.96 2.82 (22.58%) . .