Yes, it’s a well-known chart pattern in technical analysis. It usually forms when price creates higher highs and higher lows but the range becomes narrower, which often signals weakening bullish momentum and a possible bearish reversal. You can read more about how it works and how traders use it here https://myforexvps.com/rising-wedge-patterns-in-forex-trading/ trading rising wedge, where the pattern formation, breakout signals, and practical strategies are explained in detail
