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 1.63 to 0.98 1.23 (38.46%) . .
Intermediate 1.24 to 1.0017 . . 1.17 (70.63%)
Short 1.24 to 0.7931 0.937 (32.20%) . .