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 UsOil.
Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure.
The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil.
- - - - - - - - - - - - - - - - - - - -
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 UsOil.
Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure.
The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil.
- - - - - - - - - - - - - - - - - - - -
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🫡