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 3.18 to 17 . . 5.58 (82.63%)
Intermediate 12.27 to 5.13 7.94 (39.36%) . .
Short 5.13 to 8.23 . . 5.58 (85.48%)