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 3.06 to 1.815 . 2.44 (50.20%) .
Intermediate 1.88 to 2.44 . . 2 (78.57%)
Short 2.09 to 2.4 . 2.23 (54.84%) .