$DTE entered a “Go” Trend in mid July.
Since then, price raced to a new high on a series of strong blue “Go” bars. As momentum waned, we saw Go Countertrend Correction Icons (red arrows) that indicated price may struggle to go higher in the short term. Indeed, we then saw some weaker aqua “Go” bars as price fell just over a week ago. GoNoGo Oscillator fell to test the zero line from above where it got stuck for a few bars, allowing the climbing grid of GoNoGo Squeeze to hit a value of 4. Having found support at zero, we see the oscillator breaking out the Squeeze into positive territory as GoNoGo Trend paints a fresh strong blue bar. With momentum resurgent in the direction of the underlying “Go” trend, we will look to see if price can move higher from here, perhaps to challenge recent highs.
