Ascending wedge explain why

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Here is a graphical representation of the rising wedge pattern from To learn more about this pattern and its many manifestations and implications, please see this excellent overview at ToTheTick (S&P 500 Rising Wedge Pattern Forming? A rising wedge is a bearish continuation or reversal pattern, where the price movement happens in a series of higher highs and higher lows confined within two rising trendlines that converge toward an apex.

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