Rising Wedge. A rising wedge is a bearish chart pattern that forms during a downtrend in price action that has upward trend lines. Once price breaks down out of the peak of the wedge take short entry.
After the identification of a rising wedge pattern, whether in an uptrend or a downtrend, one way that can be used to enter the market is to place a sell order, short entry, on the break of the bottom side of the wedge. Pada rising wedge hanya dapat dilakukan pada market forex, karena market saham indonesia belum terdapat short selling. The pattern is also known as “ascending wedge” due to the way it appears on a chart.
