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-)
거래청산: 타겟 닿음
Closing the trade today.
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.