PRICE ACTION

Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2).

Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1).

Price action reverse direction from resistance (3) and goes upwards, till finding the second support (4), which must be higher than the first support (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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