Rising Wedge vs Falling Wedge
A wedge pattern generally forms and moves in the opposite direction of the longer-term trend on a chart and shows a short-term reversal that usually fails and the previous trend resumes.
Chart Pattern
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period.