Reading the market regime before prices move

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CHART PATTERN · Two-way patterns

Rising wedge

Rising Wedge
Slope: down Timeframe: weeks

Terms on this page: Trendline · Volume · Structural Invalidation (Structural Invalidation)

Rising wedge: a chart with a worked exampleWorked example of a Rising Wedge over 76 sessions. Trigger at the close of session 60 near $81.0. Target $73.2. Invalidation $84.3.SignalTargetInvalidationHighs rising slowlyFaster rising lows84.3$73.2$60$80$Volume03876 sessions
Rising wedge: a chart with a worked exampleWorked example of a Rising Wedge over 76 sessions. Trigger at the close of session 60 near $81.0. Target $73.2. Invalidation $84.3.SignalTargetInvalidationHighs rising slowlyFaster rising lows84.3$73.2$70$80$Volume03876 sessions
A worked example that explains the rule, not a stock price. The circle marks the first close beyond the level. The blue line is the target. The orange line is the invalidation. Prices are in the right-hand column, and sessions sit under the volume bar. Hollow green candles closed above their open, and filled red candles closed below it.

Numbers in the example chart

From the same calculation that draws the shape and writes the "Measuring the target" section below.
Trigger level $81.0 · at the close of session 60
Target 73.2$
Invalidation 84.3$
Pattern height 7.8$
Chart span 76 sessions

What it is

Highs and lows both rise, but the lows rise faster so the range contracts. A rise losing momentum: each wave is shorter than the last.

When the trigger starts and when it fails

Signal

A close below the lower leg.

Invalidation · Structural Invalidation

A close above the last high in the wedge.

Reading it stage by stage

  1. Apparent rise Highs and lows rise · it looks healthy to a casual reader.
  2. Squeeze The lows rise faster, so the range narrows and volume falls. That is the warning: read the width, not the direction.
  3. Break Below the lower leg · the target is the wedge's maximum height subtracted from the breakdown point.

Recognition rules

  • Two rising lines that converge · the lower one is steeper.
  • The range narrows as the pattern develops.
  • Volume falls during the rise · a clear warning.
  • Confirmation is a break below the lower side.

Measuring the target

The wedge's maximum height is subtracted from the breakdown point.

Where it fools you

  • The most dangerous thing about it is that it looks like a healthy rise. A casual reader sees higher highs and buys, while the shrinking range and drying volume say the opposite. Read the width, not the direction.

Where to find it on the platform

  • Technical terminal · drawing tools Members only
    Open the daily timeframe for any symbol and draw the pattern yourself. Your drawing is saved per symbol in your browser, and the terminal does not name or detect the pattern.
    • ╱ Trendline Highs rise slowly and lows rise faster
    • ⇕ Measure Target equals pattern height
We do not detect chart patterns with a numeric rule: telling them apart takes judgment on the chart. Candlestick patterns with a numeric rule are detected daily by the candlestick pattern scanner.

Patterns from the same family

Symmetrical triangle Symmetrical Triangle Falling wedge Falling Wedge Ascending broadening wedge Ascending Broadening Wedge

Back to the chart pattern encyclopedia or Japanese candlestick patterns.