Patterns › Fibonacci bounce down
Indicators
Fibonacci bounce down
After a big fall, price rallied back to the 50 to 61.8% zone and turned down.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 280 | 36% | 60% | 4% |
| United States | 338 | 33% | 62% | 5% |
| Japan | 255 | 31% | 64% | 5% |
| Crypto | 2,829 | 31% | 58% | 10% |
| Forex | 330 | 42% | 52% | 6% |
| Commodities | 140 | 36% | 56% | 8% |
Counted on real past charts by the Trading Class research engine, 4,172 cases in all. Past odds, not a forecast.
How to practise it
Where is the Fibonacci zone? Buy, sell, or wait? In the app, 36 real examples of the fibonacci bounce down wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: Fibonacci retracements.
Related
RSI oversold bounce · RSI overbought drop · Stochastic bullish cross · Stochastic bearish cross · Golden cross · Death cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross