Here’s a follow-up recap video for a 2019 swing trade and what to expect going forward. On the news, you often hear things like, “We’re at all-time highs. The market will soon crash.” While that may be true in some cases, let’s see what actually occurred. Back on Oct. 11, 2019, we did a webinar with many attendees. There was a long move suggested by John Paul based on a recent retracement. Many traders were interested in 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.
Rather than what pundits say, our mantra is “follow the price”. In contrast 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 so, we’ll try to do a follow-up video for this video and see if the estimations were correct and provide reflection.