๐ Rising Wedge Pattern
Type: Bearish (most of the time)
Shape: Two rising trendlines converging โ price is climbing, but the climb is losing steam.
๐ How It Looks:
Both support and resistance lines slope upward.
The resistance line is rising more slowly than the support line, forming a narrowing wedge.
Candlesticks dance tighter and tighter โ tension builds.
๐ง Market Psychology:
Buyers are pushing up, but each high gets weaker.
Sellers are slowly gaining strength.
It's like a rally built on shaky legs โ the crowd's still cheering, but the floorโs crumbling.
๐จ What It Signals:
Breakdown is the usual outcome โ price slices below the wedge.
Often forms at the top of an uptrend (reversal)
or in a downtrend as a continuation pattern.
๐ How to Trade It:
Wait for the breakdown below support.
Confirm with volume surge โ more volume = more trust.
Enter short near the break.
Target price = height of the wedge, measured from breakdown point.
Stop-loss = just above the last swing high inside the wedge.
๐ Rising Wedge vs. Ascending Triangle
PatternBiasResistanceSupportRising WedgeBearishUp-slopingSteeper up-slopeAscending TriangleBullishFlatRising
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