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 104.13 to 47.81 64.75 (30.08%) . .
Intermediate 47.81 to 61.27 . . 50.77 (78.01%)
Short 60.53 to 50.65 . . 64.75 (142.71%)