NASDAQ 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 19,515

Price Context: Trading below resistance at 19,805 🔥 and above support at 19,488 🛡️.

📊 Critical Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R1: 19,805 🎯 (Immediate Supply Zone)

R2: 20,330

R3: 21,658

Support Levels (Below DCMP):

S1: 19,488 🎯 (Strong Demand Zone)

S2: 18,976

S3: 18,722

Swing High/Low:

Recent Swing High: 22,239 📈

Recent Swing Low: 21,343 📉

📈 Technical Drivers

1. Fibonacci Confluence:

S1 (19,488) aligns with the 78.6% Fib retracement of the 21,343–22,239 swing, signaling institutional accumulation.

R1 (19,805) coincides with the 38.2% Fib extension, creating a tactical sell zone.

2. Momentum Indicators:

RSI: Neutral at 49.2 but shows bullish divergence on 4H charts.

MACD: Bearish crossover fading, with histogram trending toward equilibrium.

🚨 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 19,488 🎯 (Key Support)

Stop Loss: 18,976 🛑

Take Profit 1: 19,805 ✅ (R1 Test)

Take Profit 2: 20,148 ✅

Rationale: Strong confluence at S1 with bullish RSI reversal and MACD stabilization.

Trade Idea 2: Intraday Sell

Entry: 19,805 🎯 (Key Resistance)

Stop Loss: 20,330 🛑

Take Profit 1: 19,488 ✅

Take Profit 2: 19,059 ✅

Rationale: R1 aligns with overhead supply and bearish RSI divergence on 1H charts.

⚠️ Risk Management Protocol

Tighten stops if prices breach 21,343 (swing low) or 22,239 (swing high).

Monitor Fed policy signals and tech-sector earnings volatility.

Final Outlook

NASDAQ consolidates between 19,488–19,805. Prioritize trades at tested levels with 1:2 risk-reward ratios. A sustained break above 20,330 or below 18,976 may trigger directional momentum.