Trading Class

Markets › SPDR S&P 500 ETF › Fibonacci bounce down

US stock market · indicator signal

Fibonacci bounce down on SPDR S&P 500 ETF

On SPDR S&P 500 ETF the fibonacci bounce down showed up 54 times. The target came first 33% of the time, the stop 61%, and 6% went nowhere within 12 candles.

Counted on SPDR S&P 500 ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1839%61%0%
Hourly3631%61%8%

SPDR S&P 500 ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
SPDR S&P 500 ETF5433%61%6%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
2018850%50%
2022367%33%
2023333%67%
20252928%62%
2026560%40%

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 SPDR S&P 500 ETF

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

The fibonacci bounce down elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce down work on SPDR S&P 500 ETF?

In 54 cases on SPDR S&P 500 ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 61%; 6% 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.