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Indian stock market · indicator signal
Fibonacci bounce down on SBI Life
On SBI Life the fibonacci bounce down showed up 21 times. The target came first 29% of the time, the stop 62%, and 10% went nowhere within 12 candles.
Counted on SBI Life: daily candles from October 2017 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 8 | 25% | 50% | 25% |
| Hourly | 13 | 31% | 69% | 0% |
SBI Life against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| SBI Life | 21 | 29% | 62% | 10% |
| All Indian stock market charts | 3,014 | 38% | 57% | 4% |
| Every market | 17,936 | 35% | 57% | 8% |
The last 8 times
- 23 Jun 2026 · daily · stop first after 9 candles
- 15 Jun 2026, 13:15 IST · hourly · stop first after 1 candle
- 26 May 2026 · daily · target first after 2 candles
- 15 May 2026 · daily · stop first after 6 candles
- 14 May 2026, 09:15 IST · hourly · stop first after 2 candles
- 12 May 2026 · daily · stop first after 3 candles
- 8 May 2026 · daily · went nowhere
- 3 Feb 2026, 13:15 IST · hourly · stop first after 6 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 SBI Life
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile bounce · Volume profile rejection · EMA 9/21 bullish cross · EMA 9/21 bearish 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 SBI Life?
In 21 cases on SBI Life, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 62%; 10% 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.