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 0.566 to 0.295 . 0.4117 (43.06%) .
Intermediate 0.5342 to 0.295 . 0.4117 (48.79%) .
Short 0.4894 to 0.295 . . 0.4117 (60.03%)