Fibonacci Retracement Quiz

Who is credited with discovering the Fibonacci numbers?

• Albert Einstein

• Isaac Newton

• Galileo Galilei

• Leonardo Pisano Bogollo

What is the ratio when any number in the Fibonacci series is divided by the previous number?

• 3.142

• 2.236

• 1.618

• 1.414

What is the percentage equivalent of the ratio 0.618?

• 50.0%

• 23.6%

• 38.2%

• 61.8%

In the Fibonacci series, what is the ratio when a number is divided by its immediate succeeding number?

• 0.500

• 0.236

• 0.382

• 0.618

What is the relevance of Fibonacci ratios in stock markets?

• Predicting future stock prices

• Identifying potential retracement levels

• Measuring market volatility

• Calculating dividend yields

What is the Fibonacci retracement level when a stock can correct up to 38.2%?

• 61.8%

• 38.2%

• 50.0%

• 23.6%

How can Fibonacci retracement levels be used in trading?

• To determine the company's financial health

• To predict the exact price movement of a stock

• As a confirmation tool along with other checklist items

• As the only indicator for entering a trade

What should a trader look for before initiating a trade based on Fibonacci retracement levels?

• All of the above

• Formation of recognizable candlestick pattern

• High trading volume

• Stoploss coinciding with S&R level

What is the first step in constructing Fibonacci retracement levels on a chart?

• Use the Fibonacci retracement tool to connect the trough and the peak

• Identify the immediate peak and trough

• Connect the Fibonacci retracement tool

• Select the Fibonacci retracement tool

What is the Fibonacci retracement level when a stock can correct up to 23.6%?

• 61.8%

• 38.2%

• 50.0%

• 23.6%