BIDU Fibonacci Levels: From One Decision to the Next

Carolyn Boroden of Fibonacciqueen.com reviews levels to watch in shares of Baidu. 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. In BIDU Boroden looks at the Weekly chart to watch for areas for a buy entry, identifying extension, patterns and retracements. This leads to important resistance and support decisions. $177.40 is the first major decision area. If you are already long BIDU, be sure to use stops and watch your levels.