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 1.63 to 0.95 . 1.31 (52.94%) .
Intermediate 1.36 to 0.95 . . 1.31 (87.80%)
Short 0.95 to 1.31 1.18 (36.11%) . .