MOVR bullish momentum slowly returning

Feb 10

Text describes my view on the current situation,

TLDR $35 coming by march with TP targets shown on blue elliot wave

The triangle breakout and retest shows that new momentum could be returning if we can confirm the lower high structure

The move to $44 resembles a leverage liquidation event and for the time being I believe we will start clawing back the gains from that huge move, using Fib retraces and targeting the .702 area

This gives us our shorter term targets (timeframe approximately 6weeks give or take until end of march)

Feb 10

Note

Zooming out slightly on this idea one can see I posted some confluence on 2 fibs drawn separately at $53 to $54
1.618 and 1.272 respectively

This gives us an outlook of where to look to base next before penultimately moving to 72-94 range

Mar 23

Note

Price targets still in play
$61
$88
$165

Mar 23

Note