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 21.86 to 14.69 17.2 (35.01%) . .
Intermediate 19.07 to 14.69 . 17.2 (57.31%) .
Short 17.6 to 14.69 . . 17.2 (86.25%)