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 0.644 to 2.1 . . 0.868 (84.62%)
Intermediate 2.1 to 0.868 1.17 (24.51%) . .
Short 1.63 to 0.868 1.17 (39.63%) . .