$BEN was in a “Go” trend that lasted several months.
We saw higher highs and higher lows that pushed price up to almost $35. In the last several weeks we saw price fall from the highest highs and move mostly sideways and eventually GoNoGo Trend reflected market uncertainty with several amber “Go Fish” bars. GoNoGo Oscillator fell to the zero line and after a GoNoGo Squeeze broke through into negative territory at the same time as GoNoGo Trend market amber “Go Fish” bars. Now, with a new pink “NoGo” bar, we see that GoNoGo Oscillator has been rejected by the zero line and is falling back into negative territory. This has triggered a NoGo Trend Continuation Icon (red circle) above price. With momentum therefore surging in the direction of the new “NoGo” trend, we will look to see if price moves to set a new lower low in the coming days and for the “NoGo” trend to strengthen.
