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 1.3 to 0.58 . . 1.02 (61.11%)
Intermediate 0.58 to 1.0099 0.958 (12.07%) . .
Short 1.0099 to 0.901 . . 1.02 (109.27%)