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 1.08 to 1.32 . . 1.105 (89.58%)
Intermediate 1.105 to 1.315 . 1.205 (52.38%) .
Short 1.12 to 1.315 . 1.205 (56.41%) .