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 2.13 to 1.35 . 1.7 (44.87%) .
Intermediate 1.75 to 1.35 . . 1.7 (87.50%)
Short 1.7 to 1.38 1.41 (9.38%) . .