ACB looking to rally from support levels

12

November 2020

By

Alex Cole

After the huge gap up on Friday, GoNoGo Charts signaled a red short term correction arrow at the end of Monday, suggesting that we may pull back for a few bars.
We have now seen that pull back as the GoNoGo Trend paints weaker aqua bars, but the “Go” trend remains in place.
It is very bullish that while staying in the “Go” trend, price has found support at the gap and rallied from there.
The GoNoGo Oscillator has also fallen to the zero line and is now riding the zero line. If the GoNoGo Oscillator can bounce into positive territory we will see a green low risk re-entry signal under price on the Trend chart.

get in touch

Mon - Fri 8:00 - 16:00
Subscription Form
research
$1.99 / week
Trend Analysis and Charts Delivered Weekly
Flight Path
Pre-Market Monday Morning
Launch Conditions
Delivered Every Saturday Morning
Research Chart Pack
16 GoNoGo Charts Included with Every Report
Premium
$9.99 / week
Daily Research
Flight Path
Pre-Market Monday Morning
Launch Conditions
First Thing Saturday Morning
Daily Blast Off
Pre Market Daily
add-ons
Deploy GoNoGo Indicators on Your Favorite Platforms