Nas100 might rise to 16400 to complete the wedge

We should expect further consolidations between 16000 and 16400 to complete the broadening wedge. There's high possibility that Nas100 will rise to complete the broadening wedge formation to the top side. A break above the wedge will attract more buying pressure and send price higher to 17000.00 and on the other hand, failure for bulls to break above the wedge, will attract more selling pressure and Nas100 will remain vulnerable to more weaknesses.
We should continue to monitor price and further developments while being vigilant with our positioning, following a very good trading plan.

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