Shanghai Comp. (SSE) -> Please Pay Attention

1 de out. de 2023

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 Shanghai Composite.

https://www.tradingview.com/x/eEi4VgXD/

The Shanghai Composite index is the leading index of China and has been trading in a long term symmetrical triangle for more than 15 years.

Considering the fact that SSE entered bullish into this triangle, I do expect a bullish breakout which could happen in the next 6-18 months and then I do expect a major move to the upside.

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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🫡