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 1.35 to 0.45 0.64 (21.11%) . .
Intermediate 0.45 to 0.64 . . 0.5013 (73.00%)
Short 0.64 to 0.51 0.55 (30.77%) . .