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Monster Beverage Corp.(MNST:NASDAQ) Elliott Wave Technical Analysis 21 August 23


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Monster Beverage Corp., Elliott Wave Technical Analysis
Monster Beverage Corp.,  (MNST:NASDAQ): Daily Chart, 21 August 23
MNST Stock Market Analysis: Looking for addition upside here on Monster Beverage as we seem to have an incomplete bullish sequence. We had wave {iii} being very close to the length of wave {i}, which is why we could be expect an extended wave {v}.
MNST Elliott Wave Count: Wave {v} of 3.  
MNST Technical Indicators: In between averages.
MNST Trading Strategy: Looking for upside into wave {v} with invalidation level at the bottom of wave (i).
TradingLounge Analyst: Alessio Barretta
 
MNST_8_21.thumb.png.735caef8d7fdef36487d50303910be0f.png
 
 
 
Monster Beverage Corp., MNST: 1-hour Chart, 21 August 23
Monster Beverage Corp., Elliott Wave Technical Analysis
MNST Stock Market Analysis: Looking for a potential flat correction into wave (ii) as I expect additional downside into the last leg of wave c. After that we need to see upside confirmation.  
MNST Elliott Wave count:  Wave c of (ii).
MNST Technical Indicators: Below all averages.
MNST Trading Strategy: Looking for upside confirmation after wave 5 of c. s
MNST_1H.thumb.png.922b32c55c022eaf06a569a1fc29ce37.png
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