// myth-check
The myth
“Price bounces off support.”
When price turns up off support, does the bounce actually go anywhere?
The flip side of the broken-floor myth. When the floor holds and price turns up off it, does that bounce actually travel? For once, the folklore mostly checks out.
Same floor, opposite story. Instead of breaking, price drops to the level, refuses to go lower, and turns back up. The saying is that these bounces are worth buying. Here the data mostly agrees.
How we tested it
We found 1,075 clean bounces off a 15-minute support floor over the six years, and asked the mirror-image question: after the bounce, did price reach the next level up before falling back to the level below?
Overall: 71.6% of bounces reached the next level up, and it never dipped below 65% in any year. That is a genuinely reliable pattern — the rare piece of folklore that survives contact with six years of real data.
A bounce off the floor is a good bet to travel one leg up. Every year, it did.
The honest footnote
This measures whether the bounce reached the next level up — one leg of travel. It is not a promise the floor holds forever. If you instead ask "did the floor never break again," the same setup is closer to a coin flip. So: a bounce is a strong bet to move up one step, not a guarantee the low is in for good.
// every setup, on the tape
All 1,075 clean setups from the test — winners, losers, and the ones that ran out of room. Tap any one to see the exact chart.
Verdict: HOLDS — this myth is true. See all myth-checks →