NAS100 Technical Outlook — Final Impulse Before the Fall?

The NAS100 has just completed its 5th touch on a long-term ascending trendline, forming a clear rising wedge pattern. Historically, each touch of this structure has triggered significant bearish reversals — and this time looks no different.

🔹 However, before the major drop, I'm expecting a final impulsive wave of around 1,000 pips— a last bullish move that could stretch toward the 24,300–24,400 zone. This would complete the wave structure and offer a strong sell opportunity.

🔻 After that, a deeper correction is likely, targeting the 19,000 area, which aligns perfectly with:

The midpoint of the wedge on the daily chart

A strong historical support zone

A potential area for medium-term consolidation


⚠️ As long as price remains below 24,400, the bearish scenario remains valid. Any daily close above that level would force a re-evaluation.

🧠 This setup reflects a classic distribution phase followed by a high-probability breakdown.