If EWT plays out as depicted the timeframe should adhere to it within this year 2024. End of wave 5 before November '24
Current retrace could be close to completed as we wicked to the .618 retrace on the shorter timeframe (start of impulse 1 base $3.8 to $44) with .702 being the final target ($8 if we get there)
Wave 3 target could be either within 61-88 (97) range. 0.618-.702 fib range from larger weekly timeframe. Short pullback to the low $50 range then completion of wave 5 up to $165 as a minimum target for this BULL. Overperformance can happen if the market cap of MOVR doubles then we will look at closer to ATH of price. This is my conservative outlook for TP and price action
Current retrace could be close to completed as we wicked to the .618 retrace on the shorter timeframe (start of impulse 1 base $3.8 to $44) with .702 being the final target ($8 if we get there)
Wave 3 target could be either within 61-88 (97) range. 0.618-.702 fib range from larger weekly timeframe. Short pullback to the low $50 range then completion of wave 5 up to $165 as a minimum target for this BULL. Overperformance can happen if the market cap of MOVR doubles then we will look at closer to ATH of price. This is my conservative outlook for TP and price action