I am looking to create one of these graphs for a simple model I tested in a wind tunnel.

I have managed to define the lift coefficient and thus I've been able to create the parasitic drag line. The problem is that I am having issues with finding the correct formula to use for the induced drag. I have been looking a while now and the only formula's I have found had the induced drag increase with a higher velocity.

the problem i'm running into is that the formula i see around is

$D_i = \frac{L^2}{\frac{1}{2}\rho V^2 \pi b^2 \epsilon}$

this formula has Lift squared above the divider and lift itself is dependant on velocity so whenever I use that formula the graph I get is of one that increases with speed instead of decreases.

What I'm asking for is the correct formula to use here