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GoNoGo Charts and traditional technical analysisLet’s look at this chart and see how we can use traditional technical analysis while the GoNoGo Charts highlight all that we need to know in terms of trend and momentum. The technical analysis we need to get a complete picture of the security’s price action is blended into the GoNoGo chart leaving the price action unobscured. So what do we see? After a strong rise, price has consolidated sideways in a small channel. Price has broken out of the consolidation area and the GoNoGo Charts has pinpointed a low risk entry on the break. (Green circle) As price breaks out, the GoNoGo Oscillator has bounced off zero. Traditional technical analysis would suggest a target that is the same distance from the break as the rally into the pattern. If there is a pull back after this breakout, the upper bound of the channel should provide support, and we will look for support at the zero line for the Oscillator. 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)
NYSE:DQLong
by GoNoGoCharts
GoNoGo Charts spots key moment for MicrosoftWhat a run Microsoft has been on! The GoNoGo Trend has highlighted the “Go” trend that has been in place since the 14th of April. The ebb and flow of the move has been painted *bright blue and pale blue as price surges and corrects within the trend. After another higher high, price has weakened (pale blue bars) and if the trend is to continue we’d expect a higher low to be made here. That being said, the GoNoGo Oscillator should rally off zero back into positive territory as it has several times before. Each time this happens, the GoNoGo Charts displays a green circle, a low risk entry into the trend. If the trend continues, we will likely see another low risk entry point soon. If the trend cannot continue, GoNoGo Charts will tell us, first with the GoNoGo Oscillator breaking below zero and then with the GoNoGo Trend being unable to maintain the blue “Go” color. 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)
NASDAQ:MSFT
by GoNoGoCharts
GoNoGo Charts sees Bitcoin dozingIt looks as though Bitcoin has fallen asleep. Since failing several times in the last month or two to break and stay above 10,000, the cryptocurrency has continued to consolidate with less and less *volatility and very little price movement. We became *bearish on the 25th of June when the GoNoGo Trend started to paint “NoGo” bars all while the GoNoGo Oscillator struggled with the zero line. Currently, the GoNoGo Squeeze has climbed to its extreme level and so we will look to see if this time the Oscillator can make a directional move out of the Squeeze.
Given that we are in a “NoGo” trend, the expectation is that there is more chance the break will be to the downside and we therefore could see a *drop in the coin’s price. If *bullish momentum comes in to change that, then the GoNoGo Charts will let us know. 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)
BITSTAMP:BTCUSD
by GoNoGoCharts
GoNoGo Charts: EUR testing resistance after strong pushThe GoNoGo Squeeze was created to show shrinking *volatility. Analysts often expect a directional move to come after such a squeeze. The chart above is the daily GoNoGo Squeeze chart of the EURUSD pair. 
We saw a period of reduced *volatility highlighted by the extended climbing grid of the Squeeze indicator (I have underlined this with a yellow line). The GoNoGo Oscillator was able to break out of the Squeeze into positive territory (small grey arrow) and that sent price higher, back to test the prior high from the beginning of the consolidation (white *trend lines). The trend is a “Go”, but we’d like to see the resistance overcome so that price can continue higher. 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)
by GoNoGoCharts
2
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)
NYSE:F
by GoNoGoCharts
1
GoNoGo Charts: Nokia's run in trouble?Nokia’s “Go” trend is being tested. The quick retracement from the highs of this current rally show the GoNoGo Trend painting paler blue, weaker trend bars. The recent high was not confirmed by the GoNoGo Oscillator as we see lower highs in the lower panel. Price is also testing support from what many would consider a broadening formation (megaphone), with diverging *trend lines. This pattern suggests disagreement between the bulls and the bears with increased *volatility in the price swings. Typically, this is considered to be *bearish. To add to this, the GoNoGo Oscillator has dipped negative for the first time since the rally began. This negative momentum increasing the possibility that the trend may struggle to stay a “Go”. 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)
NYSE:NOK
by GoNoGoCharts
GoNoGo Charts spots a "Go" trend on treasury fund, TLTWorried about the stock market and if it can continue higher after this impressive rally since the lows of March? GoNoGo Charts sees a “Go” trend emerge on the iShares 20 year treasury bond fund. Perhaps we are seeing a movement of money from stocks to bonds, in a bet to hedge against a stock market downturn. The GoNoGo chart above shows that the GoNoGo Oscillator has been positive and above zero since June 17th. Recently, the GoNoGo Trend indicator has struggled to stay “NoGo” as shown by the appearance of a few amber, neutral bars. On the current bar, the trend in the treasury bond fund is a “Go”. 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)
TLong
by GoNoGoCharts
2
Critical juncture for EURUSD on the GoNoGo ChartWhen analyzing the Euro, GoNoGo charts shows the currency at a critical point. The “Go” trend that has seen a nice rise since the end of May has been consolidating sideways for several weeks. The GoNoGo Oscillator is riding the zero line, and we see a lengthy Squeeze. 
It is a waiting game to see whether the Euro strengthens or weakens against the Dollar.
If the GoNoGo Oscillator can bounce off zero and rally out of the squeeze then price may well appreciate to test the high that was signaled by the GoNoGo short term correction arrow on June 11th.
If the GoNoGo Oscillator falls and stays below zero, then the “Go” trend would be threatened. 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)
by GoNoGoCharts
Tesla continues to soar on the GoNoGo ChartsThis GoNoGo Chart of Tesla’s daily prices demonstrates the value of the GoNoGo Oscillator and its interaction with the zero line. The GoNoGo Trend indicator found the “Go” trend that we have been in since mid April and every time the stock has paused for breath the GoNoGo Oscillator has fallen to the zero line. 
Each time the Oscillator has rallied off the zero line we have seen low risk entry opportunities to take part in the “Go” trend. Most recently this happened on June 29th. 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)
NASDAQ:TSLALong
by GoNoGoCharts
GoNoGo Charts sees Facebook struggling to maintain "Go" trendIt’s been a wild ride for Facebook over the last few days. However, the volatility and price drops associated with the looming ad boycott were not enough to change the trend from “Go” to “NoGo”. We did see a couple of amber bars, signaling that the strength of the “Go” trend was being tested. As the GoNoGo Trend was struggling to paint “Go” bars, the GoNoGo Oscillator dipped negative and is now testing zero from below. There is also plenty of overhead supply that should act as resistance if price can climb much higher at all. The trend is barely still a “Go” with resistance ahead and the GoNoGo Oscillator struggling at zero, we’d be wary at this point. 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)
NASDAQ:META
by GoNoGoCharts
Extended GoNoGo Squeeze on Dax IndexDAX index has been in a “Go” trend since the end of April, rallying strongly for a few months. After hitting a high in early June, GoNoGo Charts displayed a Counter Trend Correction Arrow (red) indicating price had swung too quickly in one direction, and we have been consolidating sideways since. This period of sideways movement has seen smaller price movement leading to the climbing grid of the GoNoGo Squeeze (grey arrow lower panel). After an extended period of reduced *volatility like this, it is typical to see price move quickly out of the squeeze. If the GoNoGo Oscillator breaks out of the GoNoGo Squeeze into positive territory, we’d expect a leg up to test prior highs. If it breaks out of the squeeze into negative territory, then the “Go” trend is being threatened. 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)
XETR:DAX
by GoNoGoCharts
GoNoGo is bearish on AMDGoNoGo Charts are painting a *bearish picture for AMD. Trading the highs and lows of the *rectangle that the stock has been in would have served you well over the last couple of months. This time though, with price trading down to the lows of the consolidation, the GoNoGo Trend indicator is suggesting that the trend has changed to “NoGo”. This shift was noted on 6/24. With that, the GoNoGo Oscillator sunk into negative territory for the first time marking a difference in the market sentiment associated with price. It is less likely that support will hold this time, given the overall environment. It’s a “NoGo” 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)
NASDAQ:AMDShort
by GoNoGoCharts
2
GoNoGo Oscillator fails at zero for first time since March 25th!GoNoGo Oscillator has failed to find support at the zero line and has dropped into negative territory for the first time since March 25th! Price appears to have set a lower high and is struggling to maintain the pace of the “Go” Trend that it is in. 
The GoNoGo Oscillator should be able to rally off zero after any correction in a “Go” trend and so the inability to do so this time poses a threat to the “Go” trend. If the GoNoGo Oscillator stays negative we expect the GoNoGo Trend indicator to struggle to continue to paint “Go” bars, and a color change will be likely. 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)
TVC:SPXShort
by GoNoGoCharts
GoNoGo Trend flags "NoGo" on BitcoinThe GoNoGo Trend has flagged a “NoGo” on Bitcoin! After a steep rise that started at under 650 in mid April and climbed to over 10400, the crypto has tried and failed to break through resistance. The GoNoGo Trend over the past few weeks has been unable to maintain its “Go” Trend and has painted several amber, neutral bars. The neutral bars indicate an absence of trend and often appear as a bridge between trends. Finally, the “NoGo” trend is visible. This trend change has happened as the GoNoGo Oscillator has struggled to find support at the zero line, indicating that there is not enough positive momentum to carry the coin higher. We will look for price to test the lows of the range around 8200. 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)
COINBASE:BTCUSDShort
by GoNoGoCharts
GoNoGo Charts sees pivotal moment for USOILUSOIL is testing support at zero on the GoNoGo Oscillator. Remember, when in a trend, momentum should rise and fall but not change from positive to negative in an up trend if that trend is healthy. The GoNoGo Oscillator therefore gives the analyst an objective level of support (or resistance in a down trend) at the zero line. Here we see USOIL in a blue “Go” trend, but after struggling at prior high price resistance is now testing the zero level on the GoNoGo Oscillator. If the GoNoGo Oscillator is able to bounce off the zero line, look for price to remain in the "Go" trend, and try to break above that resistance. If the GoNoGo Oscillator fails to hold the zero line, we expect price movement to the downside, threatening the "Go" trend. 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)
TVC:USOIL
by GoNoGoCharts
1
GoNoGo Squeeze shows reduced momentum on SPXThe squeeze is on for the S&P 500. The GoNoGo Squeeze indicator is in the lower panel and you can see that the climbing Squeeze grid has risen to its extreme. 
That suggests that there has been reduced momentum over the past several bars with the GoNoGo Oscillator riding the zero line.
Currently, the trend in price is a “Go” but we’ll need to see the GoNoGo Oscillator come out of the squeeze into positive territory to have confidence in the possibility of a new leg up. 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)
TVC:SPX
by GoNoGoCharts
2
GoNoGo Charts sees Gold trying to break out.GoNoGo Charts sees gold making another push to get above the overhead resistance that is strong at 1750. The trend is a “Go” and the GoNoGo Oscillator shows that momentum is positive and rising. If the precious metal can consolidate above this resistance and stay in the “Go” trend that would all be very bullish. 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)
OANDA:XAUUSDLong
by GoNoGoCharts
GoNoGo Charts shows Sothwestern Energy falling out of trendSouthwestern Energy has fallen out of its “Go” trend on a daily chart. The GoNoGo Trend indicator is painting amber bars as it falls below an upward sloping trend line. 
 At the same time, the GoNoGo Oscillator shows momentum breaking below zero with heavy volume (dark blue for the oscillator line), confirming the change in trend in price. If this continues we will likely see “NoGo” bars painted soon. 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)
S
by GoNoGoCharts
2
ET at inflection point on GoNoGo OscillatorWe looked at this one last week. We noted that it seemed to be forming a basing pattern but that there was strong resistance at the runaway gap highlighted by the shaded grey zone. Since we looked at it, the price chart remains a “Go” although the bars are the weaker pale blue color. What has happened in the few days since we lsat checked, the GoNoGo Oscillator has fallen and is riding the zero line. It is critical to watch this inflection point. If the oscillator can find support again here again and rally then we expect price to rally and test the lower bound of that gap, around 8.63.
Of course, if the oscillator doesn’t hold the zero line, that will suggest bearish momentum and so the “Go” trend will be in doubt
NYSE:ET
by GoNoGoCharts
2
GoNoGo Charts: More upside for the dollar indexYesterday we looked at the Euro. Today let’s look at the dollar index. The GoNoGo chart of DXY looks like the EURUSD chart flipped upside down. This makes sense as the EUR is the largest component in this basket. After a strong trend down since mid May with several advantageous low risk entries (red dots) we were first informed of the threat to the down trend on the 11th of June when the GoNoGo Oscillator was able to break above zero in to positive territory. The GoNoGo Trend followed this by recognizing the trend change and flagging a “Go”.
The trend is a “Go” with the GoNoGo Oscillator testing support at the zero line. If this holds, expect further rally in price. 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)
TVC:DXYLong
by GoNoGoCharts
GoNoGo Charts is "NoGo" on EURUSDThis is a 4hr GoNoGo chart of the EURUSD. We see a head and shoulders pattern that will be complete if it breaks below the neckline that is annotated on the chart. As is typically the case in these patterns the GoNoGo Trend will start to become bearish toward the end of the pattern as the high at the right shoulder fails to eclipse the high of the head. Likewise, positive momentum has dried up over the course of the consolidation and so we see the GoNoGo Oscillator breaking below zero just after the highest high of the move, and is currently finding resistance at the zero line. A break in the neckline to the downside would further confirm the down trend that was signaled by the GoNoGo Trend. 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)
Short
by GoNoGoCharts
The Nikkei Testing zero on GoNoGo OscillatorAnother chart showing how important it is to watch the GoNoGo Oscillator’s interaction with the zero line. The Nikkei 225 Index has been in a “Go” trend as global stocks have rallied since the lows in march. The GoNoGo Trend is showing a little weakness as it is painting pale blue bars and the GoNoGo Oscillator is testing support at zero. In the lower panel, I have annotated with horizontal lines how well the zero line serves as resistance in a down trend and as support in an uptrend. Therefore, we will be watching to see if the GoNoGo Oscillator finds support at zero once again, supporting price as it attempts to move higher. If it fails at zero, we expect trouble in the short term for the Nikkei 225. 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)
INDEX:NKY
by GoNoGoCharts
GoNoGo Charts spots important moment for Dollar IndexGoNoGo Charts recognizes an important moment for the dollar index.
The Dollar has tried to rally off the recent lows but not yet has the GoNoGo Trend been able to flag a “Go”. The daily trend is still “NoGo” although we can see that the light pink bars indicate that the rally has caused the down trend to weaken. In the second panel, the GoNoGo Oscillator has risen from oversold levels to hit up against the zero line from below. If the “NoGo” trend is to remain in place, the oscillator should get turned away from zero here. If the GoNoGo Oscillator can break clearly into positive territory that would suggest enough bullish buying to possibly change the trend in price above. If that happens, we are likely to see a “Go” flagged. Until then, we’ll watch carefully. 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)
TVC:DXY
by GoNoGoCharts