BlogTechnical AnalysisClassic Chart PatternRising Wedge Pattern

Rising Wedge Pattern

The “Rising Wedge” pattern is a bearish pattern in the technical analysis used by traders to identify potential trend reversals. It is characterized by a series of higher highs and higher lows that converge into a wedge shape, with the trendlines sloping upward.The upper trendline, which serves as the resistance level, connects the highs, while […]
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