📉 NASDAQ Daily Analysis Based on Main Key Levels - [April 23, 2025]

Daily Current Market Price (DCMP): 18,715

Market Position: Trading above immediate support at 18,028 and below resistance at 18,463

🔑 Critical Technical Levels

Resistance (Above DCMP)

🛑 18,463 - Key sell zone (Fib 1.618 extension)

🛑 18,780 - Macro trendline resistance

Support (Below DCMP)

🟢 18,028 - High-probability buy zone (38.2% Fib retracement)

🟢 17,884 - Liquidity cluster

🟢 17,483 - Multi-session swing low

Swing Levels

↗️ Swing High: 22,239 (Daily timeframe)

↙️ Swing Low: 19,109 (4H timeframe)

💎 Intraday Trade Setups

Buy Opportunity

• Entry: 18,028 🎯

• Stop Loss: 17,483 🚫

• Take Profit 1: 18,463 ✅

• Take Profit 2: 18,780 ✅

Rationale:

• Confluence of Fibonacci retracement and ascending channel support

• RSI divergence signaling weakening downward momentum

• MACD histogram transitioning toward neutral zone

Sell Opportunity

• Entry: 18,463 🎯

• Stop Loss: 18,780 🚫

• Take Profit 1: 18,028 ✅

• Take Profit 2: 17,884 ✅

Rationale:

• Resistance aligns with bearish order block

• Overbought conditions on stochastic oscillator

• Declining trading volume near key resistance

📊 Technical Landscape

• Fibonacci: 18,028 aligns with 38.2% retracement of 19,109-22,239 swing

• RSI: Neutral at 49.8 (no divergence observed)

• MACD: Signal line compression near zero axis

• Price Action: Ascending wedge pattern below 18,463