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 107.68 to 100.67 . 104.73 (57.92%) .
Intermediate 104.73 to 103.2 . . 104.48 (83.66%)
Short 103.2 to 104.48 104.27 (16.41%) . .