>Price action finds first Support (1), where it reverses direction and goes upwards till
finding first Resistance (2).
>Price action reverse direction from Resistance (2) and goes downwards, till finding the second
support (3) which must be higher than the first support (1).
>Price action reverse direction from support (3) and goes upwards, till finding the second
Resistance (4), which must be higher than the first Resistance (2).
>The pattern is completed when price action reverse direction from (4) and goes downwards
till it breaks the wedge's lower border at point (5).
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finding first Resistance (2).
>Price action reverse direction from Resistance (2) and goes downwards, till finding the second
support (3) which must be higher than the first support (1).
>Price action reverse direction from support (3) and goes upwards, till finding the second
Resistance (4), which must be higher than the first Resistance (2).
>The pattern is completed when price action reverse direction from (4) and goes downwards
till it breaks the wedge's lower border at point (5).
Hello Traders 👋If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.