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 5.22 to 6.91 . 6.1 (47.93%) .
Intermediate 6.1 to 6.91 . . 6.1 (100.00%)
Short 6.9 to 6.1 . 6.44 (42.50%) .