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 1.175 to 0.602 . 0.8829 (49.02%) .
Intermediate 1.17 to 0.602 . 0.8829 (49.45%) .
Short 0.8829 to 0.6145 0.6248 (3.84%) . .