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 8.25 to 5.88 6.38 (21.10%) . .
Intermediate 6.77 to 5.88 . 6.38 (56.18%) .
Short 6.55 to 5.88 . . 6.38 (74.63%)