Understanding the rising wedge pattern can be a bread earner for you throughout your life and do not get confused about its name as it is deceptive, so remember to watch the video till the end to have a fresh perspective of identifying this chart pattern and making money every day in the market.
A rising wedge in an uptrend is considered a reversal pattern that occurs when the price is making higher highs and higher lows. This indicates a slowing of momentum and it usually precedes a reversal to the downside. This means that you can look for potential selling opportunities.