Emerging Channel Up pattern in its final wave was identified on the NAS 100 4 hour chart. After a strong bullish run, we find NAS 100 heading towards the upper triangle line with a possible resistance at 24266.7483. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
NAS 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
