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US stock market · indicator signal

Fibonacci bounce down on Meta

On Meta the fibonacci bounce down showed up 77 times. The target came first 40% of the time, the stop 57%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4137%61%2%
Hourly3644%53%3%

Meta against the rest

ChartsFoundTarget firstStop firstWent nowhere
Meta7740%57%3%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2016812%75%
20181173%27%
202040%100%
2022333%67%
202340%100%
20244100%0%
20252446%50%
20261443%57%

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 Meta

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap down · Gap up · MACD bearish cross · Doji · Volume profile bounce · RSI overbought drop · all of them

The fibonacci bounce down elsewhere

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

Questions

How often does the fibonacci bounce down work on Meta?

In 77 cases on Meta, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 57%; 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.