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 8.84 to 11.391 . . 9.55 (72.17%)
Intermediate 11.391 to 9.55 . 10.45 (48.89%) .
Short 9.55 to 10.45 . 10.02 (47.78%) .