About This Strategy
This scanner looks for stocks pulling back from a recent top into a wider Fibonacci golden zone (50%–70%) to highlight potential continuation entries with defined risk.
Strategy Summary
Identifies trend pullbacks into the Fibonacci golden zone after a meaningful upswing. The goal is to surface disciplined, high-conviction continuation setups.
Qualification Criteria
- Recent swing high identified within the lookback window
- Meaningful move from swing low to swing high (minimum move %)
- Price currently inside the golden zone with a small buffer
- Trend filter: price above EMA200 with EMA50 above EMA200
- Confirmation: close above zone midpoint and bullish candle
- Recent top is fresh (max days since top filter)
- Universe filter: symbols with ≥8% 1Y return
The golden zone acts as a potential demand pocket where trend pullbacks often stabilize before resuming.
Who This Strategy Is For
- Swing traders who prefer pullbacks over breakouts
- Trend traders looking for structured entry zones
- Traders who use Fibonacci retracement levels
- Anyone wanting higher-quality continuation setups
Video Explanation
Video Player
YouTube video will be embedded here
How It Works
Identify recent swing high within the lookback window
Find swing low before the high to define the move
Compute the golden zone (50%–70%) with a small buffer
Filter for stocks trading inside the zone with trend confirmation
Restrict to symbols with ≥8% 1Y return to avoid weak names
Rank by proximity to the zone midpoint and recency
Advantages
- Clear, rule-based entry zone
- Filters for structured pullbacks
- Works well in trending markets
- Adds recency to reduce stale tops
Disadvantages
- Can miss sharp continuation without pullback
- Pullbacks can extend beyond the zone
- Trendless markets reduce effectiveness
- Requires confirmation of trend strength
Current Scan Results
💡 Note: Live scan results from backend API. Always conduct your own research before trading.