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US stock market · indicator signal

Fibonacci bounce up on Uber

On Uber the fibonacci bounce up showed up 42 times. The target came first 33% of the time, the stop 57%, and 10% went nowhere within 12 candles.

Counted on Uber: daily candles from May 2019 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1127%73%0%
Hourly3135%52%13%

Uber against the rest

ChartsFoundTarget firstStop firstWent nowhere
Uber4233%57%10%
All US stock market charts1,46740%56%3%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2022333%67%
2024450%25%
20251741%47%
20261625%69%

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 Uber

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

The fibonacci bounce up 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 up work on Uber?

In 42 cases on Uber, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 57%; 10% 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.