As of 01/27/2023   Indus: 33,978 +28.67 +0.1%     Trans: 14,483 +191.14 +1.3%     Utils: 968 +1.08 +0.1%     Nasdaq: 11,622 +109.30 +0.9%     S&P 500: 4,071 +10.13 +0.2%	YTD  +2.5%    +8.1%    +0.0%    +11.0%    +6.0%	Targets    Overview: 01/13/2023     34,900 or 33,150 by 02/01/2023   15,100 or 13,500 by 02/01/2023   1,040 or 950 by 02/01/2023   12,400 or 11,000 by 02/15/2023   4,100 or 3,800 by 02/01/2023
Chart Pattern Indicator: on 1/19/23

As of 01/27/2023   Indus: 33,978 +28.67 +0.1%     Trans: 14,483 +191.14 +1.3%     Utils: 968 +1.08 +0.1%     Nasdaq: 11,622 +109.30 +0.9%     S&P 500: 4,071 +10.13 +0.2%	YTD  +2.5%    +8.1%    +0.0%    +11.0%    +6.0%
Targets    Overview: 01/13/2023     34,900 or 33,150 by 02/01/2023   15,100 or 13,500 by 02/01/2023   1,040 or 950 by 02/01/2023   12,400 or 11,000 by 02/15/2023   4,100 or 3,800 by 02/01/2023
Chart Pattern Indicator: on 1/19/23

Bulkowski's Retrace Setup

My book, Swing and Day Trading, has other trading setups geared toward swing and day traders. I show a picture of the book on the left.

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The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.

To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns, bracketing the 62% Fibonacci retrace number.

Retrace Setup Definitions

The table shows the Bottom, Peak, Bottom, which are the three turns.

The Last Close is the most recent closing price as of the day the list was created.

Diff is the difference between the last close and the most recent bottom.

Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real trading, though, anything could happen, so set a stop where you feel is best.

All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.

For more information on the setup, click See Also

-- Thomas Bulkowski

Retrace Setups

If none appear, then no setups were found in the 600+ securities I reviewed.

This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 1/26/23.

More

See Also

• Fibonacci retrace. Place a stop 67% of the prior rise.
• Fibonacci retraces and extensions, in price and time.
• Setting price targets using Fibonacci.
• Swing traders. Any retracement will do for a swing trade. Here are some tips.
• Fibonacci extensions. Do they work?
• This example uses a Fibonacci retrace on a day trade.
• Select the proper stop location using Fibonacci.
• Retraces, measured moved. Do large or small retraces result in better performance of measured moves?

 

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