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 to 9.89 6.93 (29.93%) . .
Intermediate 9.89 to 6.93 . . 8.88 (65.88%)
Short 7.02 to 8.88 . 7.98 (48.39%) .