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 to 3.0947 . . 5.4 (79.35%)
Intermediate 5.59 to 3.0947 . . 5.4 (92.39%)
Short 3.0947 to 5.45 5.19 (11.04%) . .