Fibonacci Energy Exercises

These exercises will give more examples on retracement and expansion. The first exercise is to figure out the direction of the Energies 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 energies chart.

Tasks:

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

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

After you have downloaded MT4, Go to the menu "insert" at 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:

Exercises 2:

Exercises 3:

Exercises 4:

Exercises 5:

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

Hint: Retracement has points 1 and 2

Hint: Expansion has point 1, 2 and 3