Wedge
A pattern that forms at the tops or the bottoms of the trend are considered wedge patterns. This pattern is identified with converging straight lines and has two variations, the rising and the falling wedge patterns.
Rising wedge
The rising wedge pattern is a favourite for many traders as it offers a considerably high level of accuracy if it’s traded correctly. In this pattern, there are two converging lines that are leaning upward. This pattern usually results during a breakdown. When an asset price forms lower highs or visa versa, you know you are dealing with the rising wedge pattern.
