0K34 trade ideas
MONSTER BEVERAGE 1D BULL FLAGBull Flag is a Range pattern that is a repeatable trading chart patterns.
Bull Flag chart patterns will have a directional bias (Short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
MNSTIchimoku cross, positive trend possible
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$MNST | Descending Channel: Watch For A Breakout [Update 1] $MNST formed a bullish descending channel.
Watch for a breakout of structure to the upside.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous $MNST analysis here:
$MNST | Falling Wedge: Watch For A Breakout$MNST completed a falling wedge at structure support. Watch for continuation to the upside. Good luck!
SUNDAY OPTIONS WATCHLIST 12/6/2020Keeping this set up on watch. Heavy resistance near 88 with those upper shadows but a nice strong up trend since last earnings. Could be a great breakout play if we continue to squeeze up to resistance. Will be watching for continued support at uptrend for possible entry.
$MNST here$MNST setup here is just beautiful
cant wait to see what she does here
dont mind me just charting enjoy:)
$MNST looking good hereLooks like $MSNT can retest white bar (DEMAND LINE)
Dont mind me just charting:)
MNST Long Set upJust broke out of triangle pattern, High volume supports the breakout. Indicators are supporting the move too. I think it will move higher. No fundamental analysis done but technically stock looks ready for move north.This post is for educational purposes only. Pleas do your own homework before buying or selling any financial assets.
Monster breaking out to all time highs on volume. Target $80Monster breaking out to all time highs on volume. Target $80
$MNS breakout to new ATHs Great ER forecast catalyst$MNST beverage co. hit ATHs this AM then sold off into the afternoon. Stock moves slow but steady. Monster should be in line to report a terrific quarter with monthly sales #'s at all time highs and CFO said they are in line for highest profit quarter in their company history. Positive technical signals w the MACD crossover to positive, above all MAs, volume increasing as earnings approach. Stock has been consolidating for some time but has made a nice move up lately. Another consumer discretionary/consumer staple stock that could be late to the party like a $WMT and $COST too. Think this can hit 80+ with a ER crush and they do have the greatest returns out of any public company traded on the NYSE in the past 20 years! $MNST Monster Beverages kills it.
MONSTER BEVERAGE PerspectiveHey traders, MONSTER BEVERAGE is in a bearish push, it is looking to break its bullish slant to see if it comes off in the consolidation zone. High probability of a reversal to spread it upwards.
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$MNST monster short opportunity this is a monster short lol! harmonic showed bearish divergence on both macd and rsi at the pattern reversal zone area. short targets market whit stops, enjoy your monies
