FU62
▲ Bullish
Streaming Alert (Scanner)
Fibonacci 62% Buy Signal Alert (FU62)
By Daniel Mirkin, CEO, Trade Ideas. Updated October 2026.
Find stocks reaching the 62% Fibonacci retracement of today's range in real time with Trade Ideas Streaming Alerts (Scanner). A 62% Fibonacci retracement is when price pulls back 62% of a move. This alert reports when price crosses that level going down (shown as a buy), the common reversal reading.
Pullbacks to Fibonacci levels.
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Streaming Alerts show a pullback to the 62% Fibonacci level the moment price reaches it.
How Trade Ideas finds it: by default, the 'Fibonacci 62% Buy Signal' alert will appear when the price retraces or pulls back 62% to the support level during an uptrend. See Trade Ideas plans and pricing to run it live.
What is a Fibonacci retracement?
A Fibonacci retracement measures how much of a move a stock gives back. Take the low and high of the day's range and mark 38%, 50%, 62% and 79% of the way back down. Many traders watch those levels for a pullback to stop.
Key point
The 62% Buy Signal alert fires when a stock pulls back 62% from the high of its daily range. Trade Ideas reads it as a possible bounce, which is why it is called a buy signal.
Parts of a Fibonacci pullback
The move up
The daily range from low to high is the measuring stick.
The levels
38%, 50%, 62% and 79% of that range, measured down from the high.
The touch at 62%
Price pulls back to the 62% level. The alert fires.
How traders use it
Step 1: Let the Trade Ideas alert find it
Turn on the Fibonacci 62% Buy Signal alert (FU62). Trade Ideas works out the levels from each stock's daily range, so you do not need to draw anything. See it live in the Web Dashboard.
Step 2: Wait for the trigger
Trader tip
Reaching the level is not a bounce yet. Many traders wait for a reversal candle or a move back up through the level.
Step 3: Entry
Entries are often taken as price turns up off the 62% line.
Step 4: Exit
A stop under the 79% level or under the day's low is common. Those are the usual reference points, not a recommendation.
Tips
- Levels work better when they line up with something else, like VWAP or a prior support.
- In a strong selloff, price can slice right through every level.
- Also see the 38%, 50% and 79% alerts for other depths.
- For rallies back up from the low, use the Fibonacci 62% Sell Signal (FD62).
Past results, including backtests, are not indicative of future results.
How the Fibonacci 62% Buy Signal alert works
Trader tip
This alert appears whenever a price pulls back 62% from the high of its daily range. When a price moves in one direction for a certain price interval, then turns around and moves in the other direction, many traders use Fibonacci numbers to determine interesting price levels. When the price gets as far as one of these levels, we generate an alert.
The most common interpretation of this alert is a reversal. The icons and textual descriptions of these alerts are based on this interpretation. When the price goes down through a level, the icon is green, and the text says buy. When the price goes up, the icon is red, and the text says sell. Warning: Trading systems involving Fibonacci levels typically have additional criteria for entering a trade. These alerts tell the trader to take a closer look because the price is at an interesting level. Do not buy or sell only from these alerts. This is a very popular technical indicator, so there are numerous books, websites, classes, etc., describing different ways to trade with Fibonacci.
Key point
These are some of our more intricate alerts. There are three interesting points in the pattern. Although the analysis of these points is similar to our other alerts, each point is examined using different levels of confirmation.
- The point on the far left requires the strongest volume confirmation. This algorithm is similar to the algorithms used to generate our geometric pattern alerts, like the rectangles and the triangles. This ensures that we have enough data to see a meaningful pattern. Note that some of the volume required for confirmation has to happen before the pattern starts. This ensures that the alert always starts with a pivot, and we're not just looking a small part of a larger pattern. The description of each alert starts at the extreme point of the pivot and does not count this extra confirmation.
- The point in the middle requires volume confirmation similar to the lines we draw for the support and resistance alerts. Once we have established a valid start for the pattern, we do not need as much to recognize the second point. In fact, this gives us more freedom, especially when tracking multiple pairs of support and resistance lines at the same time.
- The final point requires the least confirmation. No confirmation is required in advance; a single print crossing the Fibonacci level can set off these alerts. However, we examine the trend after reporting the alert. If the trend follows this initial print, we are done. If most of the prints do not cross this threshold, we reset the alert, and look for the price to cross the level again. This is similar to the algorithm we use for the faster versions of our crossed support and resistance alerts.
Each of these alerts can be filtered based on the volume inside the pattern. Like the description, this filter only includes volume starting at the first pivot. We do not include the volume before the pivot, even though it was used in the analysis.
Default settings
Settings
By default, the 'Fibonacci 62% Buy Signal' alert will appear when the price retraces or pulls back 62% to the support level during an uptrend. When the price goes down through this level, the icon is green, and the text says buy.
Custom settings
Settings
For 'Fibonacci 62% Buy Signal' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for 'Fibonacci 62% Buy Signal', the user can filter the alert by hours traded.
Key point
If I see a pattern that lasted from noon yesterday to noon today, is that any better than a pattern that lasted from the open this morning to the close this afternoon? How much better? We weight the pre and post market according to volume. On an average day an average NASDAQ 100 stock will trade roughly 1 hour's worth of volume between the close and the following open. If you want to see stock patterns that lasted for a whole day, a good estimate is 7.5 hours, 6.5 for normal hours plus 1 for the pre and post market.
The same rules apply during the day. If a chart pattern lasts for one hour starting from the open, it will almost always be considered a stronger pattern than if it lasted one hour starting from the beginning of lunch. Hours are just an estimate. Volume is the major factor in this filter. Stocks trading on higher than average volume will satisfy this filter faster than stocks trading on lower than average volume.
What the alert shows you
Key point
The description of each alert lists the prices that formed the pattern. It also includes the time of when the pattern started.
The quality value on a scan using the 'Fibonacci 62% Buy Signal' alert defines the number of hours since the measured pattern has been established.
Related alerts
Filters to pair with the Fibonacci 62% Buy Signal alert
Categories
FAQ
Which stocks are at the 61.8% Fibonacci level right now?
Turn on the Fibonacci 62% Buy Signal alert (FU62) in Trade Ideas Streaming Alerts. By default, the 'Fibonacci 62% Buy Signal' alert will appear when the price retraces or pulls back 62% to the support level during an uptrend.
What is the Fibonacci 62% Buy Signal alert?
A 62% Fibonacci retracement is when price pulls back 62% of a move. This alert reports when price crosses that level going down (shown as a buy), the common reversal reading.
How do I see fewer, higher-quality Fibonacci 62% Buy Signal alerts?
Use the optional alert-specific filter immediately to the right of the alert. A higher number tells the alerts server to show only higher-quality alerts, so fewer appear. Leave it blank to see more.
What is the opposite of the Fibonacci 62% Buy Signal alert?
What is a 62% Fibonacci retracement?
A pullback that gives back about 62% of the day's move from low to high. Many traders call it the golden ratio level, often written as 61.8%.
Why do traders use Fibonacci levels?
They give common reference points for where a pullback might stop. Many people watch the same levels, which can make them matter.
Does the FU62 alert mean the stock will bounce?
No. It means price reached the level. Traders look for signs of a turn after that.
What range does Trade Ideas use for the levels?
The stock's daily range, from the low to the high of the day.