Rising wedge

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    Rising wedgeA rising wedge can be a continuation pattern to the downside or a reversal pattern to the downside.

    It is formed when the price trades between a support and resistance level that has an upward slope and consolidates into an increasingly narrow range.

    As the price consolidates into a narrow range, the price gets closer to breaking out of the pattern. The break is to the downside for a rising wedge.

    Reversal to the downside

    Rising wedge reversal

    Continuation to the downside
    Rising wedge continue

    See also: