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Fib Exercises - Fib Expansions Exercise and Fibonacci Retracement Exercise

These Fib indicator exercises will give more examples on Fibo Retracement and Fib Expansion. The first exercise is to figure-out direction of the trend and then determine if the Fibonacci tool used is Fibonacci Retracement or Fibonacci Expansion and then figure how it is drawn then practice drawing Fib Retracement zones and Fibo Expansion levels on a chart.

Tasks:

  1. Determine the direction of the trend
  2. Determine if the Fibonacci is Fibonacci Retracement or Fibo Expansion
  3. Figure how it is drawn
  4. Practice drawing Fib Retracement or Fibo Expansion on a chart.

To find a chart just Download MetaTrader 4 software from any one of the many brokers.

After you have downloaded MetaTrader 4, Go to the menu "insert" at the tops left corner, on the drop-down menu, click Fibo and choose and select either the option/choice of Retracement or Expansion. Then draw the indicator tool as expounded in the previous lessons of Fibonacci Retracement and Fib Expansion. Then do the following exercises:

Fib Retracements and Fib Expansions Exercise

Training Exercises 1:

How Do I Identify Fib Retracement Levels in Charts Technical Analysis?

Exercises 2:

Fib Expansions Exercise and Fibonacci Retracement Levels Exercise

Exercises 3:

Fib Retracement on Downtrend - Fib Expansion Exercise and Fibonacci Retracement Exercise

Exercises 4:

Fib Expansion on Chart - Fib Expansion Exercise and Fibonacci Retracement Levels Exercise

Exercises 5:

Fibonacci Expansion on Chart - How to Identify Fib Expansions in Charts Analysis

Hint: point 1 up to point 2 follows the trend direction

Hint: Fibonacci Retracement has points 1 and 2

Hint: Fib Expansion has point 1, 2 & 3

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