FLR exhibits a bullish technical setup with a higher low and strong bullish divergence on the chart. It’s currently testing support at the .618 Fibonacci retracement level on the larger time frames, suggesting a potential bottom formation. With these favorable indicators in place, I anticipate a strong upswing towards the 1.618 Fibonacci level as a potential profit-taking zone. This could mark the initiation of a new bullish wave (Wave 3).
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Kommentera:
We caught the bottom and we’re pumping! Big money is made with patience
Kommentera:
This consolidation is bullish. It’s a great time to accumulate.