NASDAQ Daily Analysis Based on Main Key Levels - April 17, 2025

🔥 Current Market Price (DCMP): 18,435

Key Price Structure

Resistance (Above Price):

🔴 18,594 - Immediate resistance

🔴 18,769 - Strong resistance

🔴 19,053 - Technical sell zone

Support (Below Price):

🟢 18,077 - Critical support

🟢 18,026 - Next demand zone

🟢 17,851 - Swing low

Swing Levels:

📈 Swing High: 22,239

📉 Swing Low: 19,109

Trade Setup 1: Intraday Buy

🎯 Entry: 18,077 (Key support)

⛔ Stop Loss: Below 17,850

💰 Take Profit 1: 18,435

💰 Take Profit 2: 18,594

Technical Confluence:

Bullish RSI divergence forming on 4H chart

61.8% Fibonacci retracement support

MACD showing bullish momentum building

Trade Setup 2: Intraday Sell

🎯 Entry: 19,196 (Key resistance)

⛔ Stop Loss: Above 19,400

💰 Take Profit 1: 18,769

💰 Take Profit 2: 18,435

Technical Confluence:

Bearish MACD crossover on daily timeframe

Price rejection at 78.6% Fibonacci extension

Technical Snapshot

📊 Momentum: RSI at 49 (neutral territory)

📊 Price Action: Testing 18,435 psychological level

📊 Key Range: 18,077-19,196 immediate trading zone

Risk Management Notes

⚠️ Position sizing ≤ 1% of capital per trade

⚠️ Monitor Fed policy announcements for tech sector impact

⚠️ Key support break at 17,567 would invalidate bullish setup