🚀 NASDAQ 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 20,122

Key Price Structure & Technical Snapshot 📉

Critical Levels

Above DCMP (Resistance):

▶️ 20,173 (Immediate Resistance) 🔴

▶️ 20,483 (Fibonacci 61.8% Retracement)

▶️ 20,879 (2025 Swing High Confluence)

Below DCMP (Support):

▶️ 19,595 (Multi-Month Low Anchor) 🟢

▶️ 19,841 (100-Day Moving Average)

▶️ 19,992 (AI-Driven Demand Zone)

Swing Levels

Daily Swing High: 22,239

Daily Swing Low: 21,343

Technical Indicators 🔧

Fibonacci: 19,992 aligns with 38.2% retracement from 2024’s rally (22,239 → 19,595)

RSI: Neutral at 49, showing no divergence despite recent volatility

MACD: Bearish histogram contraction near zero line, signaling consolidation

Intraday Trade Setups 💡

Trade Idea 1: Intraday Sell

Entry: 🎯 20,173 (Weekly Pivot Resistance)

Stop Loss: 🚫 20,879 (Resistance 3)

Take Profit 1: 🏁 19,841 (Support 2)

Take Profit 2: 🏁 19,595 (2025 Low)

Rationale: Rejection at 20,173 aligns with descending channel resistance and overbought RSI conditions

Trade Idea 2: Intraday Buy

Entry: 🎯 19,663 (Weekly Pivot Support)

Stop Loss: 🚫 19,595 (Swing Low)

Take Profit 1: 🏁 20,122 (DCMP Retest)

Take Profit 2: 🏁 20,483 (Fib 61.8%)

Rationale: Strong support cluster at 19,663 combines 200-DMA and institutional accumulation zone

Strategic Insights & Risk Management 🔥

Bearish Catalyst: Sustained trading below 20,122 risks retesting 19,595 (2025 low) amid trade war uncertainties

Bullish Trigger: Close above 20,879 needed to confirm resumption of AI-driven rally

Fundamental Driver: Monitor Fed policy shifts and semiconductor sector earnings

Technical Tools in Focus 🛠️

Price Channels: Ascending channel from 19,595 suggests bullish bias, but recent breakdown raises caution

Volume Profile: Thin liquidity near 20,173 increases whipsaw risks

Elliott Wave: Potential Wave 4 correction if 19,595 breaks

Final Note: Focus on 19,595-20,879 range for directional confirmation. Neutral bias dominates until decisive break