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Markets › Bank of America › Fibonacci bounce up

US stock market · indicator signal

Fibonacci bounce up on Bank of America

On Bank of America the fibonacci bounce up showed up 59 times. The target came first 39% of the time, the stop 59%, and 2% went nowhere within 12 candles.

Counted on Bank of America: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3348%48%3%
Hourly2627%73%0%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America5939%59%2%
All US stock market charts1,46740%56%3%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2016580%20%
2017475%25%
2018560%20%
2019333%67%
2020333%67%
2024933%67%
20251619%81%
20261136%64%

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 Bank of America

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · Doji · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · all of them

The fibonacci bounce up elsewhere

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

Questions

How often does the fibonacci bounce up work on Bank of America?

In 59 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 59%; 2% 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.