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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.