#NAS100 4HNAS100 4-Hour Analysis
The NAS100 index is currently trading within a rising wedge pattern on the 4-hour chart, a typically bearish structure that hints at a potential reversal. This pattern suggests that upward momentum may be slowing down, creating a favorable setup for a potential sell opportunity.
Technical Outlook:
- Pattern: Rising Wedge
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Look for sell setups near the upper boundary or upon breakdown of the support line
Traders may consider entering a sell position within the wedge or wait for a clear breakdown of the support line to confirm bearish momentum. Additional confirmation from indicators like RSI showing overbought conditions or MACD displaying bearish divergence can strengthen this sell setup.
