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 6.36 to 8.84 . . 6.81 (81.85%)
Intermediate 8.8 to 6.81 . 7.9 (54.77%) .
Short 6.95 to 8.04 . 7.5 (49.54%) .