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 4.2 to 2.36 3.08 (39.13%) . .
Intermediate 3.91 to 2.36 . 3.08 (46.45%) .
Short 2.36 to 2.87 2.75 (23.53%) . .