For sure Nas100 is headed to the Resistance of the rising channel but before it reaches there here is what we can expect.
🔍Technical expectations:
🔹Currently Nas100 is forming a broadening wedge which is about to be completed to the top.
🔹A break to the top of the wedge will push price to the August/September 2021 high where price will consolidate for a while or pushed a bit down for a slight correction.
🔹A complete violation of August/September high will set Nas100 for a new record high which of course will send price to the Resistance of the channel.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me so that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
🔍Technical expectations:
🔹Currently Nas100 is forming a broadening wedge which is about to be completed to the top.
🔹A break to the top of the wedge will push price to the August/September 2021 high where price will consolidate for a while or pushed a bit down for a slight correction.
🔹A complete violation of August/September high will set Nas100 for a new record high which of course will send price to the Resistance of the channel.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me so that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
