Is Indigo forming a Topping pattern
Observation on 18th Jan
1) Price Forms an Evening Star
( 17th & 18th of Jan ) after
Bouncing off a Resistance
( Area of Value ) .
2) Stochastic at 91,72.
3) If Price breaks below the previous
low or Gaps down to sell.
4) Price confirms a topping
formation on Squeeze Momentum
indicator
5) Price of WTI Oil above US$ 85/Barrel
6) Price has been going up on low Volume
1) Price Forms an Evening Star
( 17th & 18th of Jan ) after
Bouncing off a Resistance
( Area of Value ) .
2) Stochastic at 91,72.
3) If Price breaks below the previous
low or Gaps down to sell.
4) Price confirms a topping
formation on Squeeze Momentum
indicator
5) Price of WTI Oil above US$ 85/Barrel
6) Price has been going up on low Volume
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