🚀 NASDAQ Daily Analysis Based on Main Key Levels – 16th April 2025

Daily Current Market Price (DCMP): 🏷️ 18,392

Price context: DCMP trades below immediate resistance (19,196–19,888) and above critical supports (18,077–16,957).

📊 Key Levels Breakdown

Resistance/Sell Zones (Above DCMP)

R1: 🚨 19,196 (Price Congestion Zone)

R2: ⚡ 19,888 (Fibonacci 61.8% Resistance)

R3: 🔥 21,008 (Swing High Confluence)

Support/Buy Zones (Below DCMP)

S1: 🛡️ 18,077 (Dynamic Trendline Support)

S2: 🔄 16,957 (Breakdown Floor)

🔍 Technical Analysis Snapshot

Swing Levels:

Swing High: 22,239 (Daily Ceiling)

Swing Low: 19,109 (Daily Floor)

Fibonacci: 50% retracement at 18,825 aligns with consolidation.

RSI: Neutral at 48 (No divergence observed).

MACD: Bearish crossover fading on 4H chart.

💡 Intraday Trade Setups

Intraday Buy Trade

Entry: 🟢 18,077 (Retest of Support Cluster)

Stop Loss: 🔴 16,957 (-1,120 | Below S2)

Take Profit 1: 🟡 19,196 (+1,119 | R1 Target)

Take Profit 2: 🟢 19,888 (+1,811 | R2 Breakout)

Intraday Sell Trade

Entry: 🔴 19,196 (Retest of Resistance Zone)

Stop Loss: 🟢 19,888 (+692 | Above R2)

Take Profit 1: 🟡 18,077 (-1,119 | S1 Reversion)

Take Profit 2: 🔴 16,957 (-2,239 | S2 Target)

📈 Critical Technical Drivers

Price Action: Break above 19,196 (R1) confirms bullish momentum; sustained trading below 18,077 (S1) signals bearish reversal.

MACD Histogram: Declining bearish bars suggest weakening downside pressure.

Swing Alignment: Proximity to daily swing low (19,109) creates high-probability reversal zone.