$T has been in a “Go” trend since late January.
We have seen higher highs and higher lows as GoNoGo Trend has painted mostly strong blue and aqua bars. After the most recent high, we saw a Go Countertrend Correction Icon (red arrow) suggesting that price may struggle to go higher in the short term. Indeed, since then we have seen price fall and GoNoGo Trend has painted a majority of weaker aqua bars. During that time, GoNoGo Oscillator fell to test the zero line from above. It got stuck at this level and we saw a Max GoNoGo Squeeze build. This was finally broken to the upside indicating that momentum was once again resurgent in the direction of the “Go” trend. We will watch to see if this gives price the push it needs to make a new higher high.
