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 0.5738 to 0.5424 . . 0.5697 (86.94%)
Intermediate 0.5424 to 0.5697 . 0.5583 (41.76%) .
Short 0.5558 to 0.5697 . . 0.5583 (82.01%)