MNST: Another gap filling opportunity (SHORT)
Short entry Now and ladder thru $62,Target $50.
MNST has remained within the long-term bullish channel, and returned after breaking out in 2017. Even tho I think a new bear channel is forming, there's an opportunity to catch a swing while staying in the bull channel.
Gap was created in Feb 2018, and we may look to finally fill it before thrusting down. How convenient... if the slope of the perceived bear channel is transposed from ATH, we can touch the top of the channel at the date of ER AND fill the gap.
MNST has remained within the long-term bullish channel, and returned after breaking out in 2017. Even tho I think a new bear channel is forming, there's an opportunity to catch a swing while staying in the bull channel.
Gap was created in Feb 2018, and we may look to finally fill it before thrusting down. How convenient... if the slope of the perceived bear channel is transposed from ATH, we can touch the top of the channel at the date of ER AND fill the gap.