Rising Wedge
ChartA bearish pattern where price rises within converging trendlines. Higher highs and higher lows but narrowing range signals exhaustion.
Success Probability: 78%
Pattern Visualization
How to Identify
- Both support and resistance rising
- Trendlines converge
- Decreasing volume as pattern develops
- Breakdown below support confirms
Trading Tips
Bearish reversal/continuation. Short on support break. Stop above recent high. Measure widest point for target.
A bearish pattern where price rises within converging trendlines. Higher highs and higher lows but narrowing range signals exhaustion.
Trading Strategy
Bearish reversal/continuation. Short on support break. Stop above recent high. Measure widest point for target.
How to Identify
- Both support and resistance rising
- Trendlines converge
- Decreasing volume as pattern develops
- Breakdown below support confirms
Risk Management
With a 78% success probability, this pattern offers strong reliability for trading decisions. Maintain standard position sizing.