$BLK looking for Go Trend Continuation

$BLK looking for Go Trend Continuation


November 2022


Alex Cole

$BLK sees price correcting in a "Go" trend that began in October.

A Go Countertrend Correction Icon (red arrow) indicated that price may struggle to go higher after hitting the last high on November 11th and we have been correcting since.   This has caused GoNoGo Oscillator to fall to and ride the zero line which has allowed the climbing grid of GoNoGo Squeeze to reach its max.  We will watch to see if the oscillator can break out of the squeeze into positive territory.  This would tell us that momentum is returning in the direction of the "Go" trend and so we could expect price to move higher.