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 8.5 to 5.43 6.04 (19.87%) . .
Intermediate 6.32 to 5.43 . . 6.04 (68.54%)
Short 6.1 to 5.25 5.44 (22.35%) . .