Fibonacci Stock Exercises

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

Tasks:

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

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

After you have downloaded MT4, Navigate 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 plot 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 stock trend direction

Hint: Retracement has points 1 & 2

Hint: Expansion has point 1, 2 & 3