Q. For an asset with a current price of 100, which of the following price targets is most likely based on a Fibonacci ratio?
A.129.40
B.145.60
C.161.80
Someone please tell me how to do such questions and what is a Fibonacci ratio ?
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The ratio is:
\dfrac{\left(1 + \sqrt{5}\right)}{2} ≈ 1.618034
It’s a weird question. I, for one, would never advocate that a candidate learn that ratio (properly known as the golden ratio).
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