Questions on Fibonacci Price Patterns
Please attempt to answer to all these questions after you have read about Defining Fibonacci Price Patterns within 20 minutes.
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1. With pencil and paper, draw R0: 0.618 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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2. With pencil and paper, draw R0: 0.382 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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3. With pencil and paper, draw R0: 0.500 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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4. With pencil and paper, draw R0: 1.000 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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5. With pencil and paper, draw E0: 1.000 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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6. With pencil and paper, draw E0: 0.618 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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7. With pencil and paper, draw E0: 0.382 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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8. With pencil and paper, draw E0: 1.500 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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9. With pencil and paper, draw R0: 1.618, R1: 0.382 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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10. With pencil and paper, draw R0: 1.618, R1: 0.382, R2: 0.786 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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11. With pencil and paper, draw R0: 0.382, R1: 2.000, R2: 0.618 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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12. With pencil and paper, draw R0: 1.618, R1: 0.382, R2: 2.000, R3: 0.618 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
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13. With pencil and paper, draw R0: 0.618, R1: 1.618, R2: 1.618, R3: 0.782 structure for both bullish and bearish entry. Make sure that left and right swings are nearly tuned with the ratio.
About this Article
This article is the part taken from the draft version of the Book: Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner, which is available for MetaTrader or Optimum Chart.
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