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.