After a “Go” signal on January 20th, price rallied to break above resistance and very nearly filled the gap from October. Price has come back dramatically since then, causing the GoNoGo Oscillator to crash back to the zero line.
If this new “Go” trend is to persist, the GoNoGo Oscillator will need to find support at zero as it will if the trend is healthy. If that happens, price will likely have set a new higher low and we may see another attempt to completely fill the gap.
If this new “Go” trend is to persist, the GoNoGo Oscillator will need to find support at zero as it will if the trend is healthy. If that happens, price will likely have set a new higher low and we may see another attempt to completely fill the gap.
