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 5.1 to 2.29 2.92 (22.42%) . .
Intermediate 4.27 to 2.29 2.92 (31.82%) . .
Short 2.29 to 2.92 . . 2.355 (89.68%)