Rising Wedge
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The Rising Wedge Pattern in a bearish formation.
When price consolidates in a rising wedge pattern, it finds both support and resistance from upward-sloping trendlines.
As the price range tightens and volatility dies down, a new trend and spike in volatility often follow.
The expectation for a rising wedge is for price to break to the downside as it nears the point of the wedge.
After the break of structure, there is often a retest of the previous support level (trendline) before a continuation of the downtrend.