Trading Class

Markets › SoftBank › Fibonacci bounce up

Japanese stock market · indicator signal

Fibonacci bounce up on SoftBank

On SoftBank the fibonacci bounce up showed up 51 times. The target came first 41% of the time, the stop 57%, and 2% went nowhere within 12 candles.

Counted on SoftBank Group: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2646%54%0%
Hourly2536%60%4%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank5141%57%2%
All Japanese stock market charts26448%48%3%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2016475%25%
20183100%0%
202030%100%
2022617%83%
20243100%0%
20251338%54%
20261533%67%

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 SoftBank

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

The fibonacci bounce up elsewhere

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

Questions

How often does the fibonacci bounce up work on SoftBank?

In 51 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 57%; 2% 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.