A Rising Wedge is typically bearish — price makes higher highs and higher lows, but the two trendlines converge upward as momentum fades. A break below the lower line signals a drop.
How traders trade it
- Watch for a break below the lower trendline.
- A narrowing range shows weakening momentum.
- It can reverse an uptrend or continue a downtrend.
See it in dtcharts
Scan for the rising wedge across markets in the dtcharts terminal — or draw it by hand with the charting tools.