$DPZ jumped, gapping to new higher highs at the end of February.
We saw a Go Countertrend Correction Icon (red triangle) right after, indicating that price may struggle to move higher in the short term. Since then, the “Go” trend has remained in place, but we have indeed corrected against the trend and GoNoGo Trend has painted a string of weaker aqua bars. Price fell to test the support offered by the gap, and GoNoGo Oscillator fell to test the zero line from above. Both held, and we now see a strong blue “Go” bar as price rallies off the upper bound of the gap and the oscillator moves back into positive territory. We can say now that momentum is resurgent in the direction of the “Go” trend and we will look for price to make an attack at the prior high.
