Trading Class

Markets › Broadcom › Fibonacci bounce down

US stock market · indicator signal

Fibonacci bounce down on Broadcom

On Broadcom the fibonacci bounce down showed up 81 times. The target came first 25% of the time, the stop 70%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2928%66%7%
Hourly5223%73%4%

Broadcom against the rest

ChartsFoundTarget firstStop firstWent nowhere
Broadcom8125%70%5%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2016475%25%
20181020%60%
2019333%67%
202030%100%
2022540%60%
2024425%75%
20252317%83%
20262726%67%

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 down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down lesson, video and quiz ›

Other patterns on Broadcom

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

The fibonacci bounce down elsewhere

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

Questions

How often does the fibonacci bounce down work on Broadcom?

In 81 cases on Broadcom, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 70%; 5% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.