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 0.607 to 0.185 0.289 (24.64%) . .
Intermediate 0.33 to 0.185 . . 0.289 (71.72%)
Short 0.185 to 0.289 . . 0.1959 (89.52%)