GoNoGo Charts: which way for Ford?
This is a 4hr GoNoGo Chart of Ford’s equity price. As we can see, it is in a “NoGo” trend since 6/23, as depicted by the purple and pink NoGo bars.
On a recent surge, the GoNoGo Oscillator is testing zero from below, and it did make a foray into positive territory a few bars ago.
There is also a clustering of support and resistance from prior price action around this level.
We’ll need to see the GoNoGo Oscillator significantly break back above zero if we are to see price challenge the trend that it is in and climb above resistance.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
On a recent surge, the GoNoGo Oscillator is testing zero from below, and it did make a foray into positive territory a few bars ago.
There is also a clustering of support and resistance from prior price action around this level.
We’ll need to see the GoNoGo Oscillator significantly break back above zero if we are to see price challenge the trend that it is in and climb above resistance.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
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