Whether it is a symmetric or an ascending triangle, they are continuation patterns. Even better, the boundaries are clear.
FWIW, I'm following the e-mini S&P and I'm seeing a different wedge. Based on the link NihabaAshi posted: http://www.chartpatterns.com/wedges.htm this one should be bullish (a descending wedge in an uptrend). It will be interesting to see what happens, since there seem to be conflicting signals in different time frames (i.e. the ascending wedge in the longer time frame vs. the descending in the shorter).
I see-um to<g> Lots of long candles getting bot on the dips atleast for a little while<g> Volatility opportunity wedges. http://share.esignal.com/groupcontents.jsp?folder=&picture=0807indu.png&groupid=225