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 38.64 to 12.47 20.95 (32.40%) . .
Intermediate 23.65 to 12.47 . . 20.95 (75.85%)
Short 12.47 to 20.99 19.17 (21.36%) . .