INDIGO - Signs of a H&S Top
INDIGO Price action on the daily chart resembles a potential head & shoulders top formation, with pattern neckline support coming in around the 3,800 - 3,900 zone.
At the moment, recent price action post earnings resembles a complex right-shoulder formation of the larger-degree top.
Consider reducing exposure as a violation of the neckline support (3,800 - 3,900) may open the door to a meaningful correction.
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