Lessons › Indicators › Fibonacci retracements
World 4 · Indicators · lesson 14 · level 3
Fibonacci retracements
After a big move, price often pulls back part of the way, and Fibonacci levels mark common places where it pauses.
What it is
After a big rise, price pulled back to the 50 to 61.8% zone and bounced.
Your task in the app
Where is the Fibonacci zone? Buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 267 | 35% | 60% | 4% |
| United States | 350 | 38% | 59% | 3% |
| Japan | 264 | 48% | 48% | 3% |
| Crypto | 2,576 | 32% | 58% | 10% |
| Forex | 318 | 39% | 55% | 6% |
| Commodities | 89 | 19% | 75% | 6% |
Counted on real past charts by the Trading Class research engine, 3,864 cases in all. Past odds, not a forecast.
Read more on the Fibonacci bounce up pattern page.
Goal of this lesson: Draw Fibonacci retracement levels on a swing and use them as possible pullback zones.