$BDN has been in a “NoGo” trend since early October.
Since then, we have seen a series of lower highs and lower lows as GoNoGo Trend painted only “NoGo” bars. During this time, GoNoGo Oscillator has been at or below the zero line, confirming the trend in the price panel. Most recently, we saw price attempt to rally off the lows and GoNoGo Trend paint a series of weaker pink bars. This caused GoNoGo Oscillator to rise to test the zero line from below where it remained as a Max GoNoGo Squeeze climbed to its Max. Now, it will be important to watch to see in which direction GoNoGo Oscillator breaks out of the extended Max GoNoGo Squeeze. Should it fall into negative territory, we will see a NoGo Trend Continuation Icon (red circle) as momentum would be resurgent in the direction of the “NoGo” trend. This could push price to set another lower low.
