NASDAQ Daily Analysis Based on Main Key Levels – 28 April 2025

Daily Current Market Price (DCMP): 19,391 💹

• Swing High (Daily/4H): 22,239 🚀 | Swing Low (Daily/4H): 19,109 🛡️

Critical Price Zones

Resistance (Above DCMP)

• R1: 19,478 🚩 | R2: 19,564 🚩 | R3: 19,705 🚩

Support (Below DCMP)

• S1: 19,197 🛡️ | S2: 19,110 🛡️ | S3: 18,969 🛡️

Technical Landscape

• Fibonacci Confluence: Strong support cluster at 19,110–19,197 (61.8% retracement from March low).

• RSI (14): Neutral at 51.2, showing equilibrium between buyers/sellers.

• MACD: Bearish crossover forming on 4H chart near zero line.

Intraday Trade Setups

🔵 Trade Idea: Buy at Key Support

• Entry: 18,830 📌 (Fib 38.2% & weekly pivot alignment)

• Stop Loss: 17,662 🔴 (below S3)

• Take Profit 1: 19,478 🟢 (R1 resistance)

• Take Profit 2: 19,705 💹 (R3 swing high)

Rationale: Price rebounds from multi-session support with bullish hammer candlestick. Upside aligns with liquidity above 19,500.

🔴 Trade Idea: Sell at Key Resistance

• Entry: 19,552 📌 (rejection at swing high)

• Stop Loss: 20,719 🔴 (above R3)

• Take Profit 1: 19,110 🟢 (S2 support)

• Take Profit 2: 18,830 🛡️ (weekly pivot)

Rationale: Price struggles at 19,552 resistance with bearish divergence on hourly charts. Downside aligns with institutional accumulation zones.

Market Outlook

NASDAQ consolidates near 19,391 with three decisive scenarios:

1. Bullish Breakout: Sustained close above 19,705 opens path to 20,719 resistance.

2. Bearish Reversal: Breakdown below 18,969 risks plunge to 18,108 support.

3. Rangebound Action: Choppy trading between 19,110–19,564 likely ahead of Big Tech earnings.

⚡ Key Catalyst: Fed rate decision at 18:00 UTC may trigger volatility spikes.