π How the Rising Wedge Pattern Helped Predict a Bearish Move on WIF/USDT
Posted by Rehan Investment Pro | April 22, 2025
π Are you keeping an eye on chart patterns that actually work? Here's a textbook example of a Rising Wedge on the WIF/USDT 15-minute chartβand how it played out beautifully for a short trade setup.
π§© What is a Rising Wedge Pattern?
A Rising Wedge is a bearish reversal pattern that signals a potential price drop after an upward movement. It forms when price makes higher highs and higher lowsβbut the slope of the highs is steeper, indicating weakening bullish strength.
Smart Money Secrets: The Rising Wedge Pattern That Trapped WIF Bulls" |
π Breakdown of This Setup
On the chart:
- A clear Rising Wedge formed, squeezing the price action.
- Rejection Nodes (R/N) within the wedge hinted at possible exhaustion.
- As the wedge broke to the downside, Market Structure Shifts (MSS) confirmed the bearish bias.
- A Break of Structure (BOS) occurred, followed by strong bearish momentum.
- Price dropped directly into the Fair Value Gap (FVG), fulfilling our trade target.
π‘ Why This Setup Worked
This trade was powerful due to a combination of:
- Chart pattern recognition (Rising Wedge)
- Smart Money Concepts (BOS, MSS, FVG)
- Price reacting to key supply zones
When technical analysis aligns with smart money behavior, the probability of success increases dramatically.
π― Conclusion
Pattern + SMC = Precision Trading.
Never underestimate the power of structure, especially when confirmed by institutional logic.
β¨ Want more breakdowns like this?
Follow Rehan Investment Pro on Instagram, Facebook, and YouTube for regular updates, real setups, and strategy lessons!