Advance Price Action: 3 Drives + Falling Wedge
First, the market moves upwards three times, which we call Drive 1, Drive 2, and Drive 3.
After each drive, there is a slight retracement in the market.
This indicates that the market's strength is decreasing.
After Drive 3, the market starts to fall and forms a Falling Wedge pattern.
When the breakout of the Falling Wedge occurs, it indicates that buyers are coming back into the market.
The Falling Wedge forms near the price level (Key Level) and the demand zone, which confirms a strong support.
As soon as the breakout of the Falling Wedge happens, that is our entry point.
We can easily take the first target (TP1) and second target (TP2).
This entire strategy greatly helps in understanding price action.