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 59.08 to 30.35 38.6 (28.72%) . .
Intermediate 51.5 to 30.35 38.6 (39.01%) . .
Short 41.87 to 30.35 . . 38.6 (71.61%)