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 18.7 to 21.6 21.18 (14.48%) . .
Intermediate 20 to 21.6 21.18 (26.25%) . .
Short 21.18 to 21.99 . . 21.5 (60.49%)