$DLR has been in a “Go” trend since late January.
In this trend, we have seen price climb to almost $185 with GoNoGo Trend painting primarily strong blue “Go” bars. After the last high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, price has moved mostly sideways since, with the indicator painting a majority of weaker aqua bars. GoNoGo Oscillator during this time, has fallen to test the zero line from above where it has repeatedly found support. Once again, GoNoGo Oscillator has bounced back into positive territory triggering a Go Trend Continuation Icon (green circle) to appear under price. With momentum therefore resurgent in the direction of the trend we will watch to see if this gives price the boost it needs to climb above resistance.
