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 5.6 to 2.79 . . 4.84 (72.95%)
Intermediate 5.22 to 2.79 . . 4.84 (84.36%)
Short 2.79 to 4.18 3.88 (21.58%) . .