CHPT Harmonics: Large Bearish-Cypher
Watch for an entry next week, March 21st - 22nd, if you want to take this trade all the way into the end of June, between June 27th and July 11th. It appears that the next earnings report on June 29th will be a catalyst for a short entry there, which will not stop being a short until somewhere from November to January when the market makes a new double-bottom (November 2022 - March 2023) The exact reversal price should be to the penny at 31.36. Watch out and always set your exit or entries about 3 - 5 cents before the reversal, to be safe and effective. I was setting them 1 cent away, but they have a tendency to get wicked and have nothing happen; therefore, if you don't want to watch the trade the whole time, just set a little below or above. Good luck, trade safely, and let's make that money.
Yorum:
Entry point around 0.382 or 0.618 retracement of this bearish-bat pattern:
