$FOX is in a new “Go” Trend.
In the middle of June, price gapped down into a “NoGo” trend that saw a low below $45. At that low, there was a NoGo Countertrend Correction Icon (green arrow) indicating that price may struggle to go lower in the short term. Indeed, since that low, price rallied and we saw amber “Go Fish” bars leading to a change in trend. With GoNoGo Trend painting strong blue “Go” bars as it tests the resistance as it surges into the gap, we see that GoNoGo Oscillator is bouncing off the zero line back into positive territory. With momentum therefore surging in the direction of the new “Go” trend, we see a Go Trend Continuation Icon (green circle) and we can expect price to make an attempt at closing the gap before potentially going higher still.
