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 0.98 to 0.505 . 0.76 (53.68%) .
Intermediate 0.505 to 0.765 . . 0.5501 (82.65%)
Short 0.765 to 0.5454 0.6203 (34.11%) . .