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 17.8 to 61 . . 29.51 (72.89%)
Intermediate 61 to 27.91 37.27 (28.29%) . .
Short 27.91 to 37.27 . 31.86 (57.80%) .