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 1.84 to 2.39 2.21 (32.73%) . .
Intermediate 1.955 to 2.39 . 2.21 (41.38%) .
Short 2.39 to 2.21 2.27 (33.33%) . .