Carolyn Boroden Fibonacci Analysis: GMCR Setup

Carolyn Boroden of Fibonacciqueen.com reviews a new buy setup zone in shares of GMCR 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 Green Mountain, shows where defined risk levels are. First Boroden looks at the Daily chart and reviews all price relationships between prior declines, retracements and extensions. The area to get long is $117.41- $118.39 and the first initial target is $131.28.