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 10.53 to 20.61 17.49 (30.95%) . .
Intermediate 17.4 to 20.61 . . 17.49 (97.20%)
Short 20.61 to 18.5 . 19.55 (49.76%) .