Indigo- Flight to Centre Channel 950-1000

Likely Indigo if goes past 907 on top -it shall take the flight to the center channel zone 950-1000 & crossing & sustaining above that shall take it to 1150-1200 on Upper Channel Top where Y will be equal to W-Wave

Possible H&S Pattern
If goes below 790 without going above 907 & starts falling below 790 then H&S Pattern gets activated with its ideal target zone of vertical distance from Head to Neckline at 790 to be measured which in this case comes to 1095- 790 = 300 approx

Target Calculation
Subtract 300 points from 790 = 490 levels in the future.

Regards,
Abhishek H. Singh, CMT

Yorum:

15:00 Hrs- 21sep2016

A pop up green candle trading at 886-hmm