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 9.97 to 6.52 . 8.05 (44.35%) .
Intermediate 7.6 to 6.52 . . 8.05 (141.67%)
Short 6.64 to 7.32 . 6.94 (55.88%) .