Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements.
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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.As long as the top of wave 1 at 5347.88 is not be overlapped we will expect a fifth wave up to new highs starting soon.