Chart pattern · Reversal · Bearish
What is it, in one line
Two rising trendlines that converge, with price making higher highs and higher lows at a narrowing rate.
Bearish · Reversal · verdict: Traditional claim, not yet measured here
Two rising trendlines that converge, with price making higher highs and higher lows at a narrowing rate.
Method
Conventional target: A downside break projects a decline back to the wedge’s starting point.
Invalidated by: A close back above the upper trendline invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.