$RAPT ready to resolve to the downside?

$RAPT ready to resolve to the downside?


October 2022


Alex Cole

$RAPT has been in a "NoGo" as it continues to move lower from the late August high.

With price action compressing and volatility shrinking, we see the GoNoGo Oscillator fall to and ride the zero line as a max GoNoGo Squeeze has formed.  All of this, trend change and volatility squeeze is happening toward the right side of what looks like a descending triangle as price continues to test the support from the lower bound.  If the GoNoGo Squeeze is broken to the downside, we will see NoGo Trend Continuation in the form of a red circle, and we can look for price to break lower than the horizontal support.