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 0.0056 to 0.0168 . . 0.0076 (82.14%)
Intermediate 0.0168 to 0.0075 0.0108 (35.48%) . .
Short 0.0109 to 0.0085 0.009 (20.83%) . .