Rising Wedge Broken: Is This the Start of a Deeper Pullback?

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Rising Wedge Broken: Is This the Start of a Deeper Pullback?US Tech 100 IndexPEPPERSTONE:NAS100TrendDivaPrice on NAS100 has been climbing steadily inside a rising wedge, a pattern that often signals buyer exhaustion and a potential bearish reversal. As the structure tightened near the top, momentum began to fade, showing signs of weakening bullish pressure. And then price broke below the wedge support line with a strong impulsive bearish candle. So my expectation is for price to continue more to the downside with the next downside target at around 23,500.