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 18.61 to 6.395 8.51 (17.31%) . .
Intermediate 11.1 to 6.395 . 8.51 (44.95%) .
Short 10.28 to 6.395 . 8.51 (54.44%) .