A rising wedge pattern forms in a temporary uptrend during a downtrend. Under this, two rising trend lines appear on a chart. The pattern generally suggests a bearish reversal. The price of an asset hovers between the upper and lower trendlines. The upper trendline acts as resistance and connects the higher highs, while the lower trendline serves as support and connects the lower highs. However, the support line in a rising wedge is steeper than the resistance line. This is because the higher highs form faster than the lower highs, which leads to the ascending wedge pattern.