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The rising wedge pattern is a bearish formation where both support and resistance lines slope upward and converge. It typically forms during an uptrend but signals weakening momentum. As price narrows within the wedge, volume often drops, and a breakdown below the lower trendline usually indicates a potential reversal or sharp decline.
Read More:-https://navia.co.in/blog/understanding-rising-wedge-pattern-technical/
By RiyashriThe rising wedge pattern is a bearish formation where both support and resistance lines slope upward and converge. It typically forms during an uptrend but signals weakening momentum. As price narrows within the wedge, volume often drops, and a breakdown below the lower trendline usually indicates a potential reversal or sharp decline.
Read More:-https://navia.co.in/blog/understanding-rising-wedge-pattern-technical/