$CCL had been in a “Go” trend since September of last year.
After highs in December that came with Go Countertrend Correction Icons (red arrows) indicating that price may struggle in the short term, we saw price fall away from the high and GoNoGo Oscillator fight with the zero line to find support. After several bars the oscillator conclusively broke into negative territory and this led to a trend change in the price panel above as we saw “NoGo” bars. This new “NoGo” was short lived as the oscillator rose to test the zero line GoNoGo Trend painted amber “Go Fish” bars of uncertainty. With GoNoGo Oscillator now finding support at zero, we saw a new “Go” trend take shape and price rose to new highs. GoNoGo Oscillator has quickly retested the zero level and found support and with momentum resurgent in the direction of the new “Go” trend, we will look for price to challenge for yet another new high in the coming days and weeks.
