Nasdaq Resistance Strikes Again: Bears Taking Control!
The NASDAQ hit a significant resistance level at 19,778, which coincides with a 1-hour Fair Value Gap (FVG).
The price action shows a rejection from this level, indicating a potential reversal.
A downward trend is expected, with the next support targets at 19,604 and 19,507.
If momentum continues, a deeper decline could push prices toward 19,467.82.
The price action shows a rejection from this level, indicating a potential reversal.
A downward trend is expected, with the next support targets at 19,604 and 19,507.
If momentum continues, a deeper decline could push prices toward 19,467.82.
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