GoNoGo suggests Target is oversold
Aggiornato
Is Target oversold? GoNoGo Trend is a “Go” but in all trends there are counter trend corrections. The red arrow above the last bar shows that the GoNoGo Oscillator was at an extreme and suggests that Target may move lower over the next few bars.
If this happens look for the GoNoGo Oscillator to bounce off zero and a green circle for a possible entry into the trend.
If this happens look for the GoNoGo Oscillator to bounce off zero and a green circle for a possible entry into the trend.
Nota
oversold was meant to read overbought of course.
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