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Japanese stock market · indicator signal

Fibonacci bounce down on Nikkei 225

On Nikkei 225 the fibonacci bounce down showed up 70 times. The target came first 40% of the time, the stop 56%, and 4% went nowhere within 12 candles.

Counted on Nikkei 225: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3043%47%10%
Hourly4038%62%0%

Nikkei 225 against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nikkei 2257040%56%4%
All Japanese stock market charts25531%64%5%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
201930%33%
2021743%57%
2023450%50%
2024333%67%
20253244%56%
20261533%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 Nikkei 225

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

The fibonacci bounce down elsewhere

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

Questions

How often does the fibonacci bounce down work on Nikkei 225?

In 70 cases on Nikkei 225, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 56%; 4% 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.