Rising Wedge Pattern
Price grinding higher inside two rising lines that are closing together — an advance running out of air.
Both the highs and the lows are rising, but the lows are rising faster than the highs, so the channel narrows as it climbs.
Why it forms
Each push up makes less progress than the last while dips get shallower — the classic signature of buying that is getting more reluctant and more crowded at once. The trend is still up, but its quality is deteriorating.
🎯 Trigger
📏 Target
🛑 Invalidation
Is a rising wedge bullish or bearish?
What is the difference between a rising wedge and an ascending channel?
Where do rising wedges appear?
How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.