>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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.