Disney (DIS) -> Major Reversal Ahead

18 Sep 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 Disney.

https://www.tradingview.com/x/089dkASY/

At the moment Disney stock is retesting a major previous monthly support level from which we already rejected multiple times towards the upside in the past.

Considering that market structure on the lower timeframes is still bearish though I am just waiting for more bullish price action before I think we will see a major bullish impulse.

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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🫡