I think we will eventually do a full return here on MOVR, but im looking for the 1.618 extension of this impulse up at 280 next. $336 would be the 50% retrace and usually an automatic reaction on the Shark pattern (be cautious of a reversal here as well). 406 would be my level if we do end up doing a full return.
id personally look for a pull back, and a confirmed back test, or as always, a limit ladder or DCA strategy would also be effective. I mention this again, because BTC pulling back would be a sufficient instigation to a pull back on some of these that are over extended as it is from this last move up.
id personally look for a pull back, and a confirmed back test, or as always, a limit ladder or DCA strategy would also be effective. I mention this again, because BTC pulling back would be a sufficient instigation to a pull back on some of these that are over extended as it is from this last move up.
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