$EA has been in a “Go” trend since May.
We have seen a series of higher highs and higher lows as price has climbed significantly. After the last high at the end of July, we saw GoNoGo Trend paint a string of weaker aqua bars as price retreated to the upward sloping trend line. During that time, GoNoGo Oscillator fell to test the zero line from above. It remained there as there was a tug of war between buyers and sellers at that level, and we saw a Max GoNoGo Squeeze build. As price climbed the trend line, GoNoGo Oscillator eventually broke out of the Max Squeeze into positive territory and it has been finding support at zero since. With GoNoGo Trend once again painting strong blue “Go” bars and multiple Go Trend Continuation Icons (green circles) showing us that momentum remains resurgent in the direction of the underlying “Go” trend, we will look for price to make an attack on overhead resistance and set new higher highs.
