Carolyn Boroden Analysis: Trade Decisions and Target in Baidu

Carolyn Boroden of Fibonacciqueen.com reviews decision levels in shares of Baidu.com 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. She first looks at the Weekly chart to see where the original set up came from. The initial target is the $202.58 area. Boroden also points out different extension and retracement levels that could be hurdles on the way up and to adjust trailing stops if you are already long.