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 2.6 to 0.61 0.7868 (8.88%) . .
Intermediate 1.69 to 0.61 0.7868 (16.37%) . .
Short 0.939 to 0.61 . 0.7868 (53.74%) .