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 10.44 to 7.75 . 9.2 (53.90%) .
Intermediate 9.2 to 8.4 . . 9.19 (98.75%)
Short 9.15 to 8.4 . . 9.19 (105.33%)