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 to 1.22 . . 0.193 (84.18%)
Intermediate 1.22 to 0.193 0.4774 (27.69%) . .
Short 0.4499 to 0.193 . . 0.4774 (110.70%)