Emerging Rising Wedge pattern in its final wave was identified on the NAS 100 1 hour chart. After a strong bullish run, we find NAS 100 heading towards the upper triangle line with a possible resistance at 23957.6599. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
NAS 100 – approaching a resistance line that has been previously tested at least twice in the past
