Rising Wedge Breakouts: Real Examples from Caterpillar and Royal Caribbean

A rising wedge forms when a stock trends higher between two converging trend lines. The longer it builds, the more energy is stored. When it finally breaks, the move can be fast, violent, and sustained in either direction. Tim Knight walks through the full pattern across multiple real examples: Halliburton broke down and lost a huge amount of value. Royal Caribbean broke, tried to recover, failed, and collapsed. Micron broke to the upside and exploded hundreds of percent higher. Caterpillar broke cleanly and never looked back. The key is simple: break below support is bearish, break above resistance is bullish. The direction of the break tells you the trade. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 What is a rising wedge and how to spot it 1:00 Support break vs resistance break: two outcomes 2:00 Halliburton: wedge breakdown example 3:00 XOI energy index: breakdown that recovered 4:00 Royal Caribbean: false recovery then collapse 5:00 Micron: wedge breakout to the upside 6:00 Caterpillar: clean breakout and explosive move 7:00 The longer the pattern the more potent the move #RisingWedge #ChartPatterns #TechnicalAnalysis #TimKnight #tastylive #TradingCharts #Breakout #StockCharts tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.