$MPC has been in a “Go” trend since early May.
This comes after price rallied out of a deep “NoGo” correction and through a series of amber “Go Fish” bars. Since the start of this new “Go” trend, GoNoGo Oscillator has been at or above the zero line, indicating support for the trend. After stalling at a new high in mid May, we have seen price move mostly sideway sand GoNoGo Trend paint a mixture of blue and weaker aqua “Go” Bars. If we turn our attention to the oscillator panel, we can see that it had got stuck at zero causing a Max GoNoGo Squeeze to build, and reflecting the virtual tug of war between buyers and sellers at this level. Now, with the oscillator breaking out of the Max GoNoGo Squeeze into positive territory and GoNoGo Trend painting strong blue bars, we will look to see if this gives price the push it needs to climb to a new higher high.
