FLR FLUOR TRADE IDEA LONG TERM
From a long term perspective:
Scenario 1
the first impulse movement may be completed with the top around 25 which matches well with fibo levels
the second wave shall be in progress and may correct up to 38,2% - 23,6%, means around 11-12 USD
therefore a good entry point would be around 13USD
Scenario 2
the first impulse is not completed, we are in the wave IV so a smaller correction is foreseen about 61,8% means 16-17 USD
first long term target 38 USD
Scenario 1
the first impulse movement may be completed with the top around 25 which matches well with fibo levels
the second wave shall be in progress and may correct up to 38,2% - 23,6%, means around 11-12 USD
therefore a good entry point would be around 13USD
Scenario 2
the first impulse is not completed, we are in the wave IV so a smaller correction is foreseen about 61,8% means 16-17 USD
first long term target 38 USD
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