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 Microsoft.
Looking at the higher timeframe you can see that Microsoft stock is once again retesting the previous all time high at the $340 resistance level.
Furthermore Microsoft is also creating an ascending triangle formation so I would love to see another bearish rejection and then the longer term bullish breakout.
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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.