Patterns › Fibonacci bounce up
Indicators
Fibonacci bounce up
After a big rise, price pulled back to the 50 to 61.8% zone and bounced.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 267 | 35% | 60% | 4% |
| United States | 350 | 38% | 59% | 3% |
| Japan | 264 | 48% | 48% | 3% |
| Crypto | 2,576 | 32% | 58% | 10% |
| Forex | 318 | 39% | 55% | 6% |
| Commodities | 89 | 19% | 75% | 6% |
Counted on real past charts by the Trading Class research engine, 3,864 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 up 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