$V has been in a “Go” trend since January 15th.
Since then, we have seen price race to a new high on a series of strong blue “Go” bars. After the high late February we saw weakness as GoNoGo Trend painted aqua bars as price fell from the high. We saw a Go Countertrend Correction Icon (red arrow) telling us that price would struggle to go higher in the short term. During that time, GoNoGo Oscillator fell to test the zero line from above and we saw that it found support. GoNoGo Trend is again painting strong blue bars as price threatens to break to new highs, and with momentum resurgent in the direction of the “Go” trend, we will look to see if this gives price the push it needs to break free.
