💹 NASDAQ 5th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 20,499 🔄

NASDAQ trades above immediate support (20,488) and below critical resistance (20,998).

🔑 Key Technical Levels

🛑 Resistance Zones (Sell Zones)

R3: 22,333 🚨 (Major resistance)

R2: 21,823 🔻 (Strong intermediate barrier)

R1: 20,998 ⚠️ (Key swing high alignment)

🟢 Support Zones (Buy Zones)

S1: 20,488 📌 (Critical Fib-aligned support)

S2: 19,750 🔼 (Long-term floor)

S3: 19,663 🛡️ (Psychological support)

Swing High: 22,239 | Swing Low: 21,343

📊 Technical Indicators

RSI: Neutral at 54 (no divergence detected)

MACD: Bearish histogram expansion near 20,998 resistance

Fibonacci Levels: 61.8% retracement converges with 20,488 support

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 20,488 📍 (Confluence of Fib support)

Stop Loss: 19,750 🚫 (Below swing low)

Take Profit 1: 20,811 🎯 (Intermediate resistance)

Take Profit 2: 21,343 🚀 (Swing high target)

Rationale: Price rejection likely at 61.8% Fib level with MACD stabilization and RSI neutrality.

🔴 Intraday Sell Setup

Entry: 20,998 📍 (Weekly pivot resistance)

Stop Loss: 21,823 🚫 (Above critical barrier)

Take Profit 1: 20,155 🎯 (Immediate support)

Take Profit 2: 19,663 🚀 (Long-term floor)

Rationale: Bearish reversal expected at 20,998 resistance zone with MACD bearish crossover confirmation.

📉 Market Outlook

NASDAQ faces decisive price action between 20,488 support and 20,998 resistance. A sustained break above 20,811 could activate bullish momentum, while failure to hold 20,488 risks test of 19,663.

🔔 Watch: Volume patterns near DCMP (20,499) for intraday bias confirmation.

📌 Summary

Key Supports: 20,488 → 19,750 → 19,663

Key Resistances: 20,998 → 21,823 → 22,333

Swing Levels: High at 22,239 | Low at 21,343

Price Bias: Neutral-to-bearish below 20,998

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