Rising Wedge Chart Pattern

This chart illustrates a Rising Wedge pattern, where price is moving upward within two converging trendlines, indicating weakening bullish momentum.

• Price forms Higher Highs (HH) and Higher Lows (HL), but the range starts to contract.
• The narrowing structure shows that buyers are losing strength.
• Momentum slows down even though price is still rising.

• Clear rising wedge formation with converging trendlines.
• Higher highs and higher lows within a tightening range.
• Price approaching the upper boundary with reduced momentum.
• Breakdown zone marked below the lower trendline.
• Target zone projected after breakdown.

• Uptrend structure (HH & HL) is present but weakening.
• Price compression signals potential breakout/breakdown.
• Breakdown below the wedge confirms bearish intent.
• Retest of broken trendline can act as resistance.
• Sellers gain control after structure breakdown.

The Rising Wedge is typically a bearish pattern, suggesting a possible reversal or continuation to the downside after breakdown. A confirmed break below the lower trendline increases the probability of further downside movement.

📘 For educational purposes only.
🙅 Not SEBI registered.
❌ Not a buy/sell recommendation.
🧠 Purely a learning resource.
📊 Not Financial Advice.