📈 NASDAQ Daily Analysis Based on Main Key Levels - 8 April 2025

Daily Current Market Price (DCMP): 🎯 17,711

Price trades ABOVE immediate support (17,126) but BELOW critical resistance (18,136)

🚨 Critical Price Zones

Resistance (Sell Areas):

🔥 18,136 (Supply cluster + 61.8% Fib extension)

🔥 19,146 (Multi-session ceiling)

🔥 20,781 (Structural barrier)

Support (Buy Areas):

🛡️ 17,126 (Liquidity-rich zone)

🛡️ 16,609 (Order block confluence)

🛡️ 15,436 (Long-term demand area)

🔥 Technical Snapshot

Swing Levels:

Daily High: 22,239 | Daily Low: 19,109

4H High: 18,506 | 4H Low: 17,334

Momentum:

RSI at 47 (bearish bias) | MACD lines converging below zero

Price Action:

Ascending channel breakdown below 18,136 with rising volume

💡 Intraday Trade Setups

📈 Intraday Buy (Long)

🎯 Entry: 🟢 17,126 (78.6% Fib retracement)

🔴 Stop Loss: 🛑 16,609 (Lower timeframe swing low)

✅ Take Profit 1: 💰 17,711 (DCMP retest)

✅ Take Profit 2: 💰 18,136 (Immediate resistance)

Rationale: Bullish divergence on 1H RSI with hidden MACD reversal signal.

📉 Intraday Sell (Short)

🎯 Entry: 🔴 18,136 (38.2% Fib extension)

🔴 Stop Loss: 🛑 19,146 (Upper swing high)

✅ Take Profit 1: 💰 17,334 (4H pivot)

✅ Take Profit 2: 💰 16,609 (Daily support)

Rationale: Bearish rejection at descending trendline with expanding volume.

⚡ Key Observations

DCMP 17,711 aligns with 50EMA (17,680) – critical battleground zone.

Volume profile shows absorption near 17,126 support.

Bullish hammer candlestick forming at 17,126 with 3:1 reward-risk ratio.

Risk Alert: Fed Chair speech at 14:30 ET – Hawkish commentary could trigger 3% drop toward 16,161 support.