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 8.09 to 4.75 5.87 (33.53%) . .
Intermediate 6.98 to 4.75 . 5.87 (50.22%) .
Short 6.05 to 4.75 . . 5.87 (86.15%)