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 78.3 to 19.63 29.49 (16.81%) . .
Intermediate 34.07 to 19.63 . . 29.49 (68.28%)
Short 19.63 to 29.49 27.01 (25.15%) . .