$ETN has been in a new “Go” trend since mid September.
After a few amber “Go Fish” bars of uncertainty we saw the “Go” take hold, first with aqua bars and then stronger bright blue. During this time, GoNoGo Oscillator has been at or above the zero line, confirming the trend we see in price. Most recently, with GoNoGo Trend painting strong blue “Go” bars, GoNoGo Oscillator has repeatedly tested the zero line, bouncing back into positive territory each time. This has triggered a clustering of Go Trend Continuation Icons (green circles) indicating that momentum is resurgent in the direction of the underlying “Go” trend. We will watch closely in the coming days to see if this gives price the push it needs to climb to a new higher high.
