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US stock market · indicator signal

Fibonacci bounce down on Dow Jones

On Dow Jones the fibonacci bounce down showed up 35 times. The target came first 34% of the time, the stop 63%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1844%50%6%
Hourly1724%76%0%

Dow Jones against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dow Jones3534%63%3%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2018540%60%
2022367%0%
202440%100%
20251638%62%
2026540%60%

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 Dow Jones

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

The fibonacci bounce down elsewhere

S&P 500 · Nasdaq 100 · Alibaba · 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 down work on Dow Jones?

In 35 cases on Dow Jones, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 63%; 3% 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.