$WTW has been in a “Go” trend since late June.
Since that time, we have seen higher highs and higher lows, with pricing climbing over $345. After that last high, we saw a Go Countertrend Correction Icon (red arrow), signaling that price may struggle to go higher due to waning momentum. GoNoGo Trend showed weakness with a string of aqua bars as price fell from the high. As price fell, GoNoGo Oscillator crashed to test the zero line from above where we saw the build up of a small GoNoGo Squeeze. Now, with price having rallied back to test and break through prior high resistance on bright blue “Go” bars, we see GoNoGo Oscillator breaking out of the Squeeze into positive territory. This tells us that momentum is resurgent in the direction of the “Go” trend and we see a Go Trend Continuation Icon (green circle). We will look for price to consolidate at these elevated levels amid strong momentum and potentially climb higher still.
