Rising Wedge
A rising wedge is a technical chart pattern in trading that can signal a potential downward reversal in an upward trend. It's essentially a triangle pattern that slopes upwards, with the price bouncing between two converging trendlines, one connecting the highs and the other connecting the lows. As the price forms higher lows and higher highs, the wedge narrows, indicating decreasing buying pressure and a possible breakout to the downside.
Rising Wedge, more examples
Market data may be delayed by 15 minutes or more and is provided by financial exchanges or third-party providers. AfterPullback does not verify or guarantee its accuracy and assumes no responsibility to do so. This website is not operated by a licensed attorney, accountant, or financial advisor. Nothing on this site constitutes financial advice or replaces consultation with a qualified professional who understands your specific circumstances. Always consult a licensed financial advisor before making investment decisions.