Nah, not monstrous, but a drop maybe.
What do we have in this chart?
The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork.
Next, the A/R or Action/Reaction lines (slight blue).
All they do is measure a pullback action and project the corresponding reaction.
As we see, the A/R line above the last high is not touching price, but it gives kind of a resistance to price.
Then we have price itself: A huge bunching is happening up there. And, price crossed below the Center-line a couple weeks ago and is currently trading below it, with support of the EMA(30).
So we land at the Indicators and Oscillators:
The MACD crossed negative weeks ago. And this time the negative indication is longer than the last two times.
The Mansfield Indicator shows weakness compared to the S&P500, and the RSI has taken a dive weeks ago.
All this leads me to believe that we see bigger correction in MNST. Maybe not a monstrous one, but a correction down to the L-MLH.
Play it save if and don't let greed eat your brain §8-)
What do we have in this chart?
The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork.
Next, the A/R or Action/Reaction lines (slight blue).
All they do is measure a pullback action and project the corresponding reaction.
As we see, the A/R line above the last high is not touching price, but it gives kind of a resistance to price.
Then we have price itself: A huge bunching is happening up there. And, price crossed below the Center-line a couple weeks ago and is currently trading below it, with support of the EMA(30).
So we land at the Indicators and Oscillators:
The MACD crossed negative weeks ago. And this time the negative indication is longer than the last two times.
The Mansfield Indicator shows weakness compared to the S&P500, and the RSI has taken a dive weeks ago.
All this leads me to believe that we see bigger correction in MNST. Maybe not a monstrous one, but a correction down to the L-MLH.
Play it save if and don't let greed eat your brain §8-)
Dagangan ditutup: sasaran tercapai
Closing the trade today.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.