Rising Wedge
Two converging upward-sloping trendlines where the lower line rises faster — a bearish pattern signalling that upside momentum is exhausting.
A Rising Wedge has both the upper resistance line and the lower support line slanting upward, but the lower line rises at a steeper angle — price is being squeezed toward the upper boundary with diminishing room to run.
Despite the upward slope, the pattern is bearish: the tightening range signals buyers are losing control. A close below the lower trendline is the breakdown trigger. Target = the widest part of the wedge projected downward from the breakdown.
- Rising wedges often form at the top of an uptrend (reversal) or during a counter-trend bounce (continuation lower).
- Volume should visibly decline inside the wedge.