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4 minute read

The Rising Wedge Pattern: How to Identify and Trade It Effectively

A rising wedge pattern is a technical chart pattern characterized by converging upward-sloping trend lines. This formation often signals a weakening momentum in the current bullish trend, frequently leading to a reversal to the downside. It occurs when price movements form higher highs and higher lows, but the range between highs and lows narrows.

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by Brett Simba
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