This weakening bullish sentiment sets the stage for a potential bearish reversal. As the price continues to make higher highs and higher lows within the narrowing wedge, it indicates that buyers are struggling to maintain control. Weakening Bullish Momentum: The Rising Wedge Pattern’s bearish implication arises from its ability to signal a diminishing bullish momentum.Understanding why the Rising Wedge Pattern is regarded as a bearish chart formation is pivotal for traders aiming to capitalize on its predictive capabilities. Traders should view it as a warning sign of weakening bullish momentum.įALLING WEDGE PATTERN Why it’s Considered a Bearish Chart Formation When this pattern materializes within an existing uptrend, it signifies the potential for a trend reversal from bullish to bearish.
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