$CNP has been in a “Go” trend since January.
Since then we have seen a series of higher highs and higher lows. At the last higher high we saw a Go Countertrend Correction Icon (red arrow) that signaled price may struggle to go higher in the short term. Indeed, GoNoGo Trend then painted a string of weaker aqua bars as price fell from the high. GoNoGo Oscillator fell to test the zero line and has found support at that level. With price once again painting strong blue bars and GoNoGo Oscillator rallying back into positive territory we know that momentum is resurgent in the direction of the “Go” trend and we will watch to see if price can climb to a new higher high.
