$BAND entered a new “Go” trend last week.
This came after having been in a “NoGo” correction for a few months. At the beginning of December, we saw GoNoGo Oscillator rise to challenge the zero line from below and indeed break into positive territory. This shift in momentum caused price to rally into the congestion area we see on the chart and GoNoGo Trend painted several amber “Go Fish” bars representing the market uncertainty regarding the prior “NoGo” trend. Ultimately, price failed at that level and we saw “NoGo” colors return as GoNoGo Oscillator fell to test the zero line this time from above. GoNoGo Oscillator embroiled itself in an extended Max GoNoGo Squeeze as GoNoGo Trend began to paint “Go” bars. Now, with GoNoGo Oscillator breaking out of the Squeeze into positive territory, we know that momentum is surging in the direction of the new “Go” trend and we see a Go Trend Continuation Icon (green circle) under the price bar. We will watch to see if this gives price the push it needs in the coming days to climb to new highs above the resistance we see on the chart.
