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Commodities · indicator signal

Fibonacci bounce up on Crude oil

On Crude oil the fibonacci bounce up showed up 27 times. The target came first 11% of the time, the stop 89%, and 0% went nowhere within 12 candles.

Counted on Crude oil futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1612%88%0%
Hourly119%91%0%

Crude oil against the rest

ChartsFoundTarget firstStop firstWent nowhere
Crude oil2711%89%0%
All Commodities charts11623%69%8%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2017450%50%
201850%100%
201930%100%
2024333%67%
2025110%100%

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 Crude oil

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The fibonacci bounce up elsewhere

Gold · Silver · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the fibonacci bounce up work on Crude oil?

In 27 cases on Crude oil, the target (1.5 × ATR) came before the stop (1 × ATR) 11% of the time and the stop came first 89%; 0% 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.