What Happens after a Rising Wedge Chart Pattern? - Bullish Ascending Triangle Chart Pattern

A Rising wedge pattern is a bullish continuation chart pattern - This is a market trading signal which shows the current market trend is taking a pause before resuming the current upward direction of the market currency pair.

If the Rising wedge upward continuation pattern forms it signals which the market is taking a pause before resuming the current upwards trend. The Rising wedge continuation pattern in a upward trend is known as a rising wedge which signals that the price is consolidation but keeps moving higher & higher forming a pattern that resembles a rising wedge. Traders should wait for a confirmation of this Rising wedge pattern before opening a trade based on this bullish continuation pattern. Once there is a forex price breakout to the upside then the Rising wedge continuation pattern is confirmed and prices will then continue to move in the direction of the current upwards forex market trend.