INDIGO Filled GapChart Breakdown & Technical Context:
Recent Correction: INDIGO has experienced a sharp decline from its recent highs above the 5,400 level. During this fall, it sliced right through its immediate strong support (the upper shaded zone). According to the principle of polarity, this broken support is now expected to act as overhead resistance.
Current Positioning: The price is currently resting inside a crucial historical demand/support zone (the lower shaded box), trading near the 4,795 mark.
T
Long