CHPT is probably one of my favorite setups current unfolding....
I'm a retail trader of 4yrs. I've lost a good bit of money over those four years which would either make most people give up, OR dig their heels in and study everything there is to know about the market and trading.
I've been on a good run these past few months. So please take all of this into consideration should you choose to follow this strategy.
CHPT looks to be in the "spring' phase of the Wyckoff Method (phase-c). Even if I'm incorrect about which phase it's in, it's got some good upside over these next couple of weeks. It's maintaining it's trend line and looks to be bouncing off of support for another run at $3. If it can break and hold $3, I think $3.50 and then back trace to $3 continuing a stepping process up to $4.50/$5. I see a possible Inverted H&S forming around the $6 mark.
https://drive.google.com/file/d/1tuH8f6aeC_9cI2s1eWmS0JqQGWSCEyf_/view?usp=drive_link
I've been on a good run these past few months. So please take all of this into consideration should you choose to follow this strategy.
CHPT looks to be in the "spring' phase of the Wyckoff Method (phase-c). Even if I'm incorrect about which phase it's in, it's got some good upside over these next couple of weeks. It's maintaining it's trend line and looks to be bouncing off of support for another run at $3. If it can break and hold $3, I think $3.50 and then back trace to $3 continuing a stepping process up to $4.50/$5. I see a possible Inverted H&S forming around the $6 mark.
https://drive.google.com/file/d/1tuH8f6aeC_9cI2s1eWmS0JqQGWSCEyf_/view?usp=drive_link
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