$CF has been in a “Go” Trend since early January.
We saw price race to a high over $95. At that high, we saw the last in a run of 3 Go Countertrend Correction Icons (red arrows) indicating that price may struggle to go higher in the short term. Indeed, we briefly saw price fall from that high and GoNoGo Trend painted weaker aqua bars. This caused GoNoGo Oscillator to fall to test the zero line where we looked to see if it would find support to confirm the “Go” trend. Now with GoNoGo Trend painting strong blue “Go” bars once again and price challenging for new highs, we see that GoNoGo Oscillator bounced off the zero line back into positive territory. With momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) and we will watch to see if this gives price the boost it needs to climb to a new high in the coming days.
