$SNOW sees pause in new “Go”, looks for momentum

$SNOW sees pause in new “Go”, looks for momentum


August 2022


Alex Cole

After a new higher high, $SNOW sees price correct against the trend.

A Go Countertrend Correction Icon (red arrow) on 8/9 indicated that prices may struggle to go higher in the short term.  Now, GoNoGo Oscillator has dropped to the zero line where it will need to find support if it is to propel the trend forward.  If the oscillator rallies off the zero line, that will tell us that momentum has returned in the direction of the “Go” trend and we may see price attempt to go higher again.