Markets › Eternal (Zomato) › Fibonacci bounce down
Indian stock market · indicator signal
Fibonacci bounce down on Eternal (Zomato)
On Eternal (Zomato) the fibonacci bounce down showed up 30 times. The target came first 67% of the time, the stop 27%, and 7% went nowhere within 12 candles.
Counted on Eternal (Zomato): daily candles from July 2021 and hourly candles from April 2025.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 2 | 50% | 50% | 0% |
| Hourly | 28 | 68% | 25% | 7% |
Eternal (Zomato) against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Eternal (Zomato) | 30 | 67% | 27% | 7% |
| All Indian stock market charts | 3,014 | 38% | 57% | 4% |
| Every market | 17,936 | 35% | 57% | 8% |
The last 8 times
- 2 Jun 2026, 15:15 IST · hourly · target first after 1 candle
- 2 Jun 2026, 14:15 IST · hourly · target first after 2 candles
- 18 May 2026, 15:15 IST · hourly · stop first after 1 candle
- 6 Apr 2026, 15:15 IST · hourly · target first after 1 candle
- 1 Apr 2026, 14:15 IST · hourly · target first after 2 candles
- 20 Mar 2026, 11:15 IST · hourly · target first after 5 candles
- 12 Mar 2026, 15:15 IST · hourly · target first after 3 candles
- 12 Mar 2026, 14:15 IST · hourly · target first after 2 candles
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 Eternal (Zomato)
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · RSI overbought drop · Volume profile bounce · Volume profile rejection · MACD bullish cross · all of them
The fibonacci bounce down elsewhere
Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver
Questions
How often does the fibonacci bounce down work on Eternal (Zomato)?
In 30 cases on Eternal (Zomato), the target (1.5 × ATR) came before the stop (1 × ATR) 67% of the time and the stop came first 27%; 7% 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.