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Monster Beverage Corp.(MNST:NASDAQ) Elliott Wave Technical Analysis 7 September 23


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Monster Beverage Corp., Elliott Wave Technical Analysis
Monster Beverage Corp.,  (MNST:NASDAQ): Daily Chart, 7 September 23
MNST Stock Market Analysis: We have been looking for a wave {iv} for quite some time now, but we continue moving sideways, showing the corrective nature of the correction. We could have found a bottom or else we could be completing this correction into a triangle.  
MNST Elliott Wave Count: Wave {iv} of 3.
MNST Technical Indicators: Between 20 and 200EMA.  
MNST Trading Strategy: Looking for longs into wave {v}.
TradingLounge Analyst: Alessio Barretta
 
MNST_9_7.thumb.png.ac14e0db10449cc29bf4223ab1dda3f1.png
 
 
 
Monster Beverage Corp., MNST: 1-hour Chart 7 September 23
Monster Beverage Corp., Elliott Wave Technical Analysis
MNST Stock Market Analysis: Looking for a potential bottom at 55.04$ as we have a three wave move into potential wave (ii) which broke past equality of c vs. a and it is now trying to go back higher. We need confirmation with a break of the wave b top.
MNST Elliott Wave count:  Wave (ii) of {v}.
MNST Technical Indicators: Below all averages.  
MNST Trading Strategy: Looking for longs after a break of wave b.
MNST_1H.thumb.png.9f778cffc337816ca758f08999874d32.png
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