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 7.83 to 9.91 . 8.79 (53.85%) .
Intermediate 8.24 to 9.91 . . 8.79 (67.07%)
Short 9.91 to 8.55 . 9.32 (56.62%) .