Two weeks ago, I mentioned the possibility of a significant correction for 
NAS100, suggesting that the index could drop to as low as the 16k zone. As always, navigating uncharted territories, particularly at all-time highs (ATHs), presents challenges in determining price levels and timing trades. However, I now have a reference point, which is yesterday's high.
From a technical perspective, as I've mentioned previously, we're observing a rising wedge pattern, typically indicative of a reversal, coupled with indicators showing divergence.
In conclusion, in my opinion, we have reached a peak for now, andNAS100 is likely to enter a correction phase.
NAS100, suggesting that the index could drop to as low as the 16k zone. As always, navigating uncharted territories, particularly at all-time highs (ATHs), presents challenges in determining price levels and timing trades. However, I now have a reference point, which is yesterday's high.From a technical perspective, as I've mentioned previously, we're observing a rising wedge pattern, typically indicative of a reversal, coupled with indicators showing divergence.
In conclusion, in my opinion, we have reached a peak for now, and
NAS100 is likely to enter a correction phase.
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