Rising Wedge Pattern
Original schematic showing the guide's principal visual relationships.
Pattern anatomy
Converging upward trendlines where higher highs and higher lows form with weakening upward progress.
Both boundaries rise, but the lower support line rises faster than upper resistance.
How it works
Identify the prior trend first, mark repeated swing highs and lows, then draw only the support, resistance, or neckline justified by those pivots. A pattern remains provisional until price closes beyond its confirmation boundary; visual resemblance alone is not enough.
How to read it
Compression and smaller advances indicate that momentum is losing efficiency. A close below lower support is the traditional bearish confirmation.
Confirmation checklist
Look for an established prior trend, a completed boundary break, and preferably expanding volume or momentum confirmation. A reversal pattern formed without a trend to reverse is weaker evidence.
Limitations and false signals
Rising wedges can break upward, especially inside powerful trends. The direction is not confirmed while price remains between the boundaries.