Rising Wedge Pattern Explained

It is a continuation pattern that appears in a downtrend. It resembles a symmetrical triangle in its formation, but it is slightly tilted upward

Pattern Shape:

Pattern Formation Stages:

A weak upward movement occurs after a sharp downtrend
The price forms higher highs and higher lows, but each movement is weaker than the previous one, indicating weakening buying pressure
After breaking the ascending trendline within the pattern, the price continues the downward trend

Utilizing the Pattern:

Sell after breaking the ascending trendline

Pattern Target:

Measure the vertical distance from the widest part of the wedge, then project the same distance from the breakout point

Conclusion:
It is a continuation pattern that appears in a downtrend, reflecting weakening upward movements before the price resumes its downward direction