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 11.17 to 5.82 . 8.8 (55.70%) .
Intermediate 5.82 to 8.8 . 7.05 (58.72%) .
Short 5.94 to 8.8 . . 7.05 (61.19%)