Here’s a follow-up recap video for a 2019 swing trade and what’s in store going ahead. On the news, you frequently hear things like, “We’re at all-time highs. The market will soon crash.” While that might be valid at times, how about we see what really happened. Back on Oct. 11, 2019, we did a webinar with numerous participants. There was a long move recommended by John Paul based on an ongoing retracement. Numerous dealers were keen on this trade. Once the market breaks the highs, there’s often a “pop” or “test.” Once two consecutive candles occur, that can be a good sign to look for a winning opportunity.
As opposed to what pundits say, our mantra is “follow the price”. As opposed to what the media says, John Paul believes the market will continue higher. At about 3:00 in the video, listen to the trading idea that may put you in a good position for the coming holidays. We could be looking at another testing of the highs with continued bullish activity thereafter.
In a month or thereabouts, we’ll attempt to do a subsequent video and check whether the estimations were correct and provide reflection.