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Learn Stock Indices Trading for Beginners Guide

Fibonacci Stock Indices Exercises

These exercises will give more examples on retracement and expansion. The first exercise is to figure out the direction of the Stock Indices trend and then determine if the Fibonacci tool used is retracement or expansion and then figure how it is drawn then practice drawing them on a stock indices chart.

Tasks:

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

To find a stock index chart just Download MetaTrader 4 trading platform from any one of the many stock indices brokers.

After you have downloaded MetaTrader 4, Go to the menu "insert" at the top left corner, on the drop down menu, click Fibonacci and select either the option of retracement or expansion. Then draw it as explained in the previous lessons of Expansion and retracement. Then do the following exercises:

Retracements and Expansions Exercise

Exercises 1:

Fibonacci retracement on stock index Chart - Fibonacci Expansion Levels and Fibonacci Retracement Levels Exercise - Fibonacci Retracement vs Fibonacci Expansion

Exercises 2:

Fibonacci retracement on stock indices down stock index trend - Fib Expansions and Fibonacci Retracements Exercise

Exercises 3:

Fibonacci retracement on stock indices downward trend - Fibonacci Expansion Levels and Fibonacci Retracement Exercise - Fibonacci Retracement Levels vs Fibonacci Expansion

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Exercises 4:

Fibonacci retracement Trading - Fibonacci Expansion and Fibonacci Retracement Exercise - Fibonacci Retracement Levels vs Fibonacci Expansion Levels

Exercises 5:

Fibonacci expansion on stock index Chart - Fibonacci Expansion and Fibonacci Retracement Levels Exercise - Fibonacci Retracement vs Fibonacci Expansion Levels

Hint: point 1 to point 2 follows the stock indices trend direction

Hint: Retracement has points 1 and 2

Hint: Expansion has point 1, 2 and 3

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