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Indian stock market · indicator signal

Fibonacci bounce up on Trent

On Trent the fibonacci bounce up showed up 41 times. The target came first 59% of the time, the stop 39%, and 2% went nowhere within 12 candles.

Counted on Trent: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1765%29%6%
Hourly2454%46%0%

Trent against the rest

ChartsFoundTarget firstStop firstWent nowhere
Trent4159%39%2%
All Indian stock market charts2,60038%57%5%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2016333%67%
2017367%33%
2021367%33%
2024475%25%
20251553%47%
2026743%57%

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 Trent

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

The fibonacci bounce up elsewhere

Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the fibonacci bounce up work on Trent?

In 41 cases on Trent, the target (1.5 × ATR) came before the stop (1 × ATR) 59% of the time and the stop came first 39%; 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.