Trade Stock Indices

Fib Indices Exercises

These exercises will provide more examples of retracement and expansion. The first exercise involves figuring out the trend's direction and then deciding whether the Fibo indicator being used is Fibo retracement or expansion: next, understand how it is drawn, and finally, practice drawing them on a trading chart.

Tasks:

  1. Figure out the direction of the trend
  2. Determine if Fibonacci is retracement or extension
  3. Figure-out how it is drawn
  4. Practice drawing retracement or expansion on a chart.

To find a chart, just download MetaTrader 4 trading software from one of the many online trading companies available to you.

After you've downloaded MetaTrader 4, Navigate to the menu "insert" at the tops left corner, on the dropdown menu, click Fibo & choose either the option of retracement or expansion. Then plot it as expounded in the previous tutorials of Expansion and retracement. Then do the following exercises:

Retracements & Expansions levels Exercise

Exercises 1:

Application of Fibonacci Retracement on Charts - Comparing Fibonacci Retracement Levels with Expansion Tools

Exercises 2:

Fibonacci Retracement in Downtrend for Indexes - Practice Fibo Levels and Expansion

Exercises 3:

Fibonacci Retracement in Downtrends - Retracement vs Expansion Levels

Exercises 4:

Fibonacci retracement Trading - Fib Retracements vs Expansion

Exercises 5:

Fibonacci Expansion on Charts: Retracement Exercises

Hint: point 1 to point 2 follows the trend direction

Hint: Fib Retracement has points 1 and 2

Hint: Fibonacci Expansion has point 1, 2 and 3

Study More Lessons & Tutorials:

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