Fibonacci Metals Exercises

These exercises will give more example on retracement & expansion. The first exercise is to figure out the direction of the Metals trend and then determine if the Fibonacci tool used is retracement or expansion & then figure how it's drawn then practice drawing them on a metals chart.

Tasks:

1. Figure out the direction of the Metals trend
2. Determine if Fib is retracement or expansion
3. Figure how it is drawn
4. Practice plotting retracement or expansion on a metals chart.

To find a metals chart just Download MT4 platform from any one of the many metal trading brokers.

After you have downloaded MT4, Go to the menu 'insert' at tops left corner, on the drop down menu, click Fibonacci and choose either the option of retracement or expansion. Then draw it as described in the previous lessons of Expansion & retracement. Then do the following exercises:

Retracements and Expansions Exercise

Exercises 1:

Exercises 2:

Exercises 3:

Exercises 4:

Exercises 5:

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

Hint: Retracement has points 1 & 2

Hint: Expansion has point 1, 2 & 3