The rising wedge is a technical chart pattern which traders use to identify possible trend reversal, which appears to be an upward-sloping price chart featuring two converging trendlines. When traders find such patterns they get prepared for selling opportunities in market, and it provides lower risk setups with high rewards possibility.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.