📈💻 NASDAQ Daily Analysis Based on Main Key Levels – 24 April 2025

Daily Current Market Price (DCMP): 🎯 18,703

🎯 Critical Price Zones

Above DCMP (Resistance)

🔴 R3: 19,302 | R2: 19,096 | R1: 18,969

Below DCMP (Support)

🟢 S1: 18,557 | S2: 18,430 | S3: 18,224

Swing Extremes:

🔼 Swing High: 22,239 | 🔽 Swing Low: 19,109

📊 Technical Landscape

• RSI: Bearish divergence on 4H charts (68 → 62)

• MACD: Signal line crossover below histogram (-240 → -310)

• Price Action: Testing 18,500-18,800 consolidation range

💡 Intraday Trade Opportunities

Trade Idea 1: Intraday Buy

• Entry: 🎯 18,463 (Confluence of 78.6% Fib & Pivot Support)

• Stop Loss: 🚫 18,028 (Below Key Swing Low)

• Take Profit 1: ✅ 18,763 (Immediate Resistance)

• Take Profit 2: ✅ 19,096 (Upper Resistance Cluster)

Rationale:

• Bullish hammer pattern at 18,463 aligns with 4H demand zone

• Rising OBV (+8%) signals accumulation near support

Trade Idea 2: Intraday Sell

• Entry: 🎯 18,898 (Resistance Zone with 161.8% Fib Extension)

• Stop Loss: 🚫 19,166 (Above R2)

• Take Profit 1: ✅ 18,703 (DCMP Retest)

• Take Profit 2: ✅ 18,430 (Strong Historical Base)

Rationale:

• Price rejection at 18,898 matches descending channel resistance

• Bearish divergence in Elder Impulse System (-2 → -3)

📉 Fibonacci Framework (4H)

• 61.8% Retracement: 18,224 acts as strong support floor

• 127.2% Extension: 19,302 becomes target on bullish breakout

⚠️ Risk Parameters

• Maintain 1:3 risk-reward ratio for all positions

• Monitor Fed Chair speech at 14:30 EST

• Avoid trading during earnings spikes (AMZN, MSFT reporting)