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 30.28 to 15.1 20.16 (33.33%) . .
Intermediate 18.73 to 16.46 . 17.61 (50.66%) .
Short 16.56 to 17.26 . . 16.76 (71.43%)