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 3.27 to 2.42 . . 2.98 (65.88%)
Intermediate 2.42 to 2.98 . . 2.5 (85.71%)
Short 2.5 to 2.94 2.77 (38.64%) . .