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Carolyn Boroden Fibonacci Analysis: FSLR Setup

7/30/14 8:49 AM EDT
Carolyn Boroden of Fibonacciqueen.com reviews a new setup zone in shares of FSLR using Fibonacci Analysis. There is a formula for making money with Boroden's Fibonacci Time and Price discussed on Options Profits and Real Money Pro. Boroden looks for three trade setups: Fibonacci Price Cluster, Symmetry or Two-Step Pattern. This week’s trade setup is in shares of First Solar, shows where defined risk levels are. FSLR saw a recent Fibonacci Price Cluster set up with three price relationships that came together at 60, 48 and 98. If you miss the first entry of support, Boroden says to enter on the first symmetry projection at 64.76 or below the market at 63.02. If the 30 minute chart holds in the next couple of sessions above the 64.67- 65.28 zone, she looks for buy triggers there. Risk is defined underneath a buy trigger or underneath the low end of the cluster.¿
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