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 6.55 to 2.28 2.8 (12.18%) . .
Intermediate 4.17 to 2.28 2.8 (27.51%) . .
Short 3.28 to 2.28 . 2.8 (52.00%) .