What Is Rising Wedge?
A Rising Wedge is a bearish pattern formed by two converging trendlines that both slope upward. The narrowing price range shows diminishing buying momentum, typically leading to a breakdown through the lower trendline.
Win Rate
68%
Avg Move
Wedge height
Best TF
4H/Daily
BearishChart FormationMany CandlesIntermediateHigh Reliability
Key Characteristics
- Both trendlines slope upward but converge
- Price makes higher highs and higher lows but range narrows
- Volume typically decreases as the pattern forms
- Breaks down through the lower trendline
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