RISING WEDGE PATTERN
       The rising wedge pattern is a bearish chart pattern that signals an imminent breakout to the downside. It’s the opposite of the falling wedge pattern, as these two constitute a popular wedge pattern. A rising wedge can be both a continuation and reversal pattern, although the former is more common and more efficient as it follows the direction of an overall trend. 
         The rising wedge consists of two converging trend lines that connect the most recent higher lows and higher highs. In a rising wedge, the lows are catching up with the highs at resistance, which means that the support trend line is steeper. Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakdown of the lower trend line. Traders can make bearish trades after the breakdown by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit from the potential that prices will fall. 

Image of Rising wedge pattern

As with the falling wedge, we note three key features of a rising wedge:
1 The price action temporarily trades in an uptrend (the higher highs and higher lows)
2 Two trend lines (support and resistance) that are converging.
3 The decrease in volume as the wedge progresses towards the breakdown with a strong red candle.

What is Entry & Stop Loss?
We have to enter after the breakdown with a strong red candle and our stop loss should be high for the breakdown candle. The profit target is measured by taking the height of the back of the wedge and extending that distance down from the trend line breakout.