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US stock market · indicator signal

Fibonacci bounce up on Alibaba

On Alibaba the fibonacci bounce up showed up 79 times. The target came first 46% of the time, the stop 51%, and 4% went nowhere within 12 candles.

Counted on Alibaba: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2040%60%0%
Hourly5947%47%5%

Alibaba against the rest

ChartsFoundTarget firstStop firstWent nowhere
Alibaba7946%51%4%
All US stock market charts1,46740%56%3%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2022425%75%
20241250%50%
20253148%45%
20262450%46%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on Alibaba

Inside bar · Gap up · Gap down · Stochastic bullish cross · Stochastic bearish cross · Spinning top · MACD bullish cross · Doji · MACD bearish cross · RSI overbought drop · all of them

The fibonacci bounce up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce up work on Alibaba?

In 79 cases on Alibaba, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 51%; 4% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.