The Nasdaq index showed a notable recovery yesterday but declined today toward the support zone at 24,475, which is a potential rebound area.
🔻 If 24,475 breaks and holds below, the price is likely to retest the lower support zone at 24,000, which remains the preferred scenario for now.
🔺 If a rebound occurs from the current support, the index may rise to test the resistance zone at 24,780, and a breakout above it would confirm a return to the bullish trend.
📉 Best Sell Zone: Below 24,470 (confirmation of breakdown)
📈 Best Buy Zones: Upon confirmation of rebound from 24,480 or 24,000
🔻 If 24,475 breaks and holds below, the price is likely to retest the lower support zone at 24,000, which remains the preferred scenario for now.
🔺 If a rebound occurs from the current support, the index may rise to test the resistance zone at 24,780, and a breakout above it would confirm a return to the bullish trend.
📉 Best Sell Zone: Below 24,470 (confirmation of breakdown)
📈 Best Buy Zones: Upon confirmation of rebound from 24,480 or 24,000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.