$DPZ had been in a “NoGo” trend for several months.
We saw a series of lower lows and lower highs as price ultimately fell below $300. After that low, we saw a couple of NoGo Countertrend Correction Icons (green arrows) indicating that price may struggle to go lower in the short term. Indeed, we saw prices rally from this low and GoNoGo Oscillator rise to test the zero line from below. We saw an extended Max GoNoGo Squeeze build reflecting the tug of war between buyers and sellers at these levels. As the Squeeze was broken, we saw GoNoGo Trend paint a new “Go” trend but price quickly failed at the overhead resistance we see from prior highs on the chart. Now, GoNoGo Oscillator has found fast support at the zero line triggering a Go Trend Continuation Icon (green circle). With momentum therefore resurgent in the direction of the new “Go” trend, we will watch to see if this gives price the push it needs to climb above resistance.
