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 to 5.9111 5.7809 (2.20%) . .
Intermediate 5.7452 to 5.9111 . . 5.7809 (78.48%)
Short 5.9111 to 5.7793 5.8231 (33.23%) . .