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RE: Crypto Academy / Season 3 / Week 2 - Homework Post for @yohan2on
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| Definition | Application of the Fibonacci on the charts | Screenshots used | content presentation & Trade management |
|---|---|---|---|
| 2/2 | 1/3 | 0/2 | 0/3 |
This was more of a practical task. You did not correctly plot the Fibonacci retracement levels of the charts. You were meant to showcase your understanding of trading with the Fibonacci retracement levels on the charts. This is well applied in trending markets. You had to locate 2 points of the charts (For both the 0 and 100% levels)
For an Uptrend, the 0 Fibonacci retracement level is meant to be up and the 100% level is supposed to be down. You had to clearly indicate the price point where you were determining the retracement level for your trading.
Homework task
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