US 100 Exhausted After Forming a Rising Wedge Pattern

The US 100 index has recently formed a rising wedge pattern in 1-day time frame, indicating a potential exhaustion of bullish momentum. The completion of a rising wedge often leads to a bearish reversal, with a breakdown below the lower trendline confirming the pattern. Traders and investors should remain vigilant, employing prudent risk management strategies to navigate potential downside risks and increased volatility associated with the pattern's completion.