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 0.611 to 1.35 . . 0.8699 (64.97%)
Intermediate 1.22 to 0.84 . . 1.09 (65.79%)
Short 0.84 to 1.09 . . 0.91 (72.00%)