Rising Wedge
A bearish pattern where price grinds higher between two up-sloping lines that converge — usually resolving to the downside.
A rising wedge has two converging trendlines that both slope up, with support rising faster than resistance. The advance narrows and loses momentum, a sign the uptrend is running out of buyers despite the higher highs.
A break below the lower trendline is the trigger. Like the falling wedge it can be a reversal (after an uptrend) or a continuation (within a downtrend); both lean bearish.
On StockSetups
On a long-only board the rising wedge is a caution shape StockSetups filters off rather than trades — recognizing it helps you avoid buying a tiring advance.
Related terms
See rising wedge on tonight's board.
StockSetups scans the whole US market after the close and draws the patterns, levels and indicators on every chart.
Start free — 7-day full access →