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 1.16 to 0.6993 . . 1.0285 (71.46%)
Intermediate 1.0487 to 0.6993 . . 1.0285 (94.22%)
Short 0.6993 to 1.0285 . 0.88 (45.11%) .