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Crypto · indicator signal

Fibonacci bounce down on TRON

On TRON the fibonacci bounce down showed up 517 times. The target came first 35% of the time, the stop 56%, and 8% went nowhere within 12 candles.

Counted on TRON (TRX/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1010%90%0%
4-hour11133%56%11%
Hourly39637%56%8%

TRON against the rest

ChartsFoundTarget firstStop firstWent nowhere
TRON51735%56%8%
All Crypto charts11,96733%57%10%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20218927%64%
20227730%65%
20238335%54%
20247329%58%
202511741%58%
20267849%38%

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 TRON

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

The fibonacci bounce down elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · 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 TRON?

In 517 cases on TRON, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 56%; 8% 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.