CORRELATION BREAKOUT

Here I am sharing the correlated daily chart of Indigo with Brent crude oil which contains a correlated movement in them by these chart we can easily see that every time indigo corrected when Brent falls and every time indigo rise when Brent falls so now after a swing bottom indigo gives a clear and clean breakout on falling resistance trendline after a continuous fall seems in Brent oil, Some how we can not connect both of day by day basis but in swing trade scenario we can check both by each other so I mentioned digits like 1, 2, 3, 4 for easy correlation study between them.

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