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US stock market · indicator signal

Fibonacci bounce down on Walmart

On Walmart the fibonacci bounce down showed up 46 times. The target came first 41% of the time, the stop 57%, and 2% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1145%55%0%
Hourly3540%57%3%

Walmart against the rest

ChartsFoundTarget firstStop firstWent nowhere
Walmart4641%57%2%
All US stock market charts1,50437%60%4%
Every market17,93635%57%8%

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 Walmart

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Spinning top · Doji · Volume profile bounce · RSI overbought drop · EMA 9/21 bearish cross · EMA 9/21 bullish cross · 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 Walmart?

In 46 cases on Walmart, 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 down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.