![]() Support and Resistance Trend Lines Converging When a rising wedge forms in a price chart, typically emerges within a strong uptrend rather than in a downtrend, enticing more buyers to enter on pullbacks as the price action makes higher swings indicating a dynamic battle between increasingly cautious bulls and confident bears in the market. What Is the Psychology of the Rising Wedge Once completed, this rising bearish wedge signals by analyzing characteristics like the slope, candlestick touches, and volume that the prior uptrend is ending and could lead into a strong push downward. These increasing peaks and increasing troughs indicate decreasing trading momentum that typically leads to a bearish reversal pattern breakdown.
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