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 5.8 to 1.34 2.25 (20.40%) . .
Intermediate 3.04 to 1.34 . 2.25 (53.53%) .
Short 1.34 to 2.25 . . 1.61 (70.33%)