Trading Class

Markets › Silver › Fibonacci bounce down

Commodities · indicator signal

Fibonacci bounce down on Silver

On Silver the fibonacci bounce down showed up 30 times. The target came first 33% of the time, the stop 67%, and 0% went nowhere within 12 candles.

Counted on Silver futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily70%100%0%
Hourly2343%57%0%

Silver against the rest

ChartsFoundTarget firstStop firstWent nowhere
Silver3033%67%0%
All Commodities charts16035%58%8%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
202230%100%
20241136%64%
20251346%54%

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 Silver

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · EMA 9/21 bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The fibonacci bounce down elsewhere

Gold · Crude oil · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the fibonacci bounce down work on Silver?

In 30 cases on Silver, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 67%; 0% 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.