The chart of $DWAC shows a GoNoGo Squeeze at its max extreme.
This tells us that there has been little directional momentum for sometime as GoNoGo Oscillator inputs are in their neutral territory. With a strong “NoGo” trend in place we of course slightly favor a resolution to the down side which would trigger a NoGo Trend Continuation Icon (red circle) above price. If this was to happen then we would look for another leg down in price. On the other hand, if the GoNoGo Squeeze is broken into positive territory then that would be a threat to the strength of the “NoGo”.
