My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on S&P500.
After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected.
After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on S&P500.
After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected.
After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡