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 24.25 to 9.89 . 16.32 (44.78%) .
Intermediate 19.96 to 9.89 . . 16.32 (63.85%)
Short 14.6 to 9.89 . . 16.32 (136.52%)