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Japanese stock market · indicator signal

Fibonacci bounce up on Nikkei 225

On Nikkei 225 the fibonacci bounce up showed up 68 times. The target came first 59% of the time, the stop 38%, and 3% 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
Daily2259%32%9%
Hourly4659%41%0%

Nikkei 225 against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nikkei 2256859%38%3%
All Japanese stock market charts26448%48%3%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2016333%0%
20194100%0%
2024650%50%
20252774%26%
20262241%59%

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 up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up 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 up 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 up work on Nikkei 225?

In 68 cases on Nikkei 225, the target (1.5 × ATR) came before the stop (1 × ATR) 59% of the time and the stop came first 38%; 3% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.