📊 NASDAQ Daily Analysis Based on Main Key Levels – 7 April 2025

Daily Current Market Price (DCMP): 16,882

Immediate framework:

Below DCMP: Support cluster (16,371–16,501)

Above DCMP: Resistance band (17,126–19,021)

🎯 Critical Zones

Support (Bullish Confluence)

✅ S1: 16,501 (4H swing low + Fib 61.8% retracement)

✅ S2: 16,371 (Multi-session liquidity pool)

Resistance (Bearish Triggers)

❌ R1: 17,126 (38.2% Fib extension + price congestion zone)

❌ R2: 18,202 (Descending trendline anchor)

Swing Levels:

🔺 Daily/4H Swing High: 22,239

🔻 Daily/4H Swing Low: 19,109

🔍 Technical Snapshot

Fib Framework: Price tests 17,126 (R1) as 38.2% extension; 16,501 (S1) aligns with 61.8% retracement

RSI: Bearish divergence at 58 on hourly charts

MACD: Histogram flips negative below signal line

💡 Trade Setups

1️⃣ Intraday Buy Trade

🎯 Entry: 🟢 16,501 (Confluence of Fib support + 4H bullish reversal pattern)

🛑 Stop Loss: 🔴 16,200 (-1.83%)

🎯 Take Profit 1: 🟡 16,750 (+1.51%)

🎯 Take Profit 2: 🟢 16,950 (+2.72%)

Catalyst: Hidden bullish divergence on 15-min chart + sector rotation

2️⃣ Intraday Sell Trade

🎯 Entry: 🔴 17,126 (Fib 38.2% extension + supply zone)

🛑 Stop Loss: 🟢 17,350 (+1.31%)

🎯 Take Profit 1: 🟡 16,950 (-1.03%)

🎯 Take Profit 2: 🔴 16,750 (-2.21%)

Catalyst: Bearish engulfing candle at resistance + rising bond yields

⚠️ Risk Protocol

Position sizing: ≤0.8% capital risk per trade

Monitor Fed speakers (8 April) for rate guidance

Structural Highlights

✅ Critical Alignment:

16,501 support coincides with institutional accumulation zone

17,126 resistance matches Fibonacci extension and VWAP deviation

✅ Momentum Context:

Volume profile shows weak hands trapped above 17,000

A/D line confirms distribution near swing high