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 4.1483 to 1.6 . . 3.18 (62.00%)
Intermediate 1.855 to 3.02 2.788 (19.91%) . .
Short 2.49 to 3.02 . 2.788 (43.77%) .