Carolyn Boroden Demonstrates how Symmetry Worked on IWM

Carolyn Boroden of Fibonacciqueen.com shows how powerful, yet simple, symmetry projections are using Fibonacci Analysis on shares of IWM. 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. Boroden shows how a support decision was based on symmetrical projections based on prior declines for a possible entry. The zone held which triggered the entry and already made two targets on the upside. She also thinks that IWM still has room to move higher, but recommends tightening up stops.