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 0.14 to 1.61 . . 0.3311 (87.00%)
Intermediate 0.8004 to 0.31 0.5016 (39.07%) . .
Short 0.31 to 0.5016 0.4447 (29.70%) . .