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 16.42 to 30.55 25.25 (37.51%) . .
Intermediate 30.55 to 23.91 . . 28.11 (63.25%)
Short 23.91 to 28.11 . . 25.53 (61.43%)