UNIUSDTPRICE 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).
Trade setup:
Trade entry: at the closing rate of the candle after breaking the lower border at point (5)