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US stock market · indicator signal

Fibonacci bounce down on Invesco QQQ ETF

On Invesco QQQ ETF the fibonacci bounce down showed up 51 times. The target came first 57% of the time, the stop 41%, and 2% went nowhere within 12 candles.

Counted on Invesco QQQ ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1669%31%0%
Hourly3551%46%3%

Invesco QQQ ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
Invesco QQQ ETF5157%41%2%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20183100%0%
2022978%22%
202430%100%
20252157%38%
20261250%50%

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 Invesco QQQ ETF

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

The fibonacci bounce down 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 down work on Invesco QQQ ETF?

In 51 cases on Invesco QQQ ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 57% of the time and the stop came first 41%; 2% 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.