2025.05.22 nasdaq analysis

🔸 Daily Chart Perspective


On the daily timeframe, we can see that the recent low was made within the demand zone, but the market began to fall just before the U.S. session closed. The Asian session appears to be in wait-and-see mode for now.
If the trend continues downward, the red box to the left suggests the possibility of a one-way bearish move. In such a case, a drop toward the 20583 area is open.
The daily 20EMA is also near that zone, and since a one-way drop occurred in the red box area before, the possibility is quite realistic.

🔸 1-Hour Chart View


On the 1H chart, the Nasdaq seems to be forming an expanding wedge.
It's hard to say that a trend reversal to the downside is confirmed yet, because price is still inside the expanding pattern.
However, since the market seems to have formed a short-term top, it gives us a sense of direction for short-term trading.
If the price enters the black box area to the left, that could be seen as a complete trend reversal.

🔸 Today’s Trading Plan


At this point, due to yesterday's sharp drop, there’s no clear buy zone visible.
Only short positions are planned for today.

Short Setup #1
Entry: On break below 21112
TP 1: 21075

Short Setup #2
Entry: On break below 21070
TP 1: 20996

Short Setup #3
Entry: On break below 20970 + trendline break
TP Max: 20830 ~ 20770

🔹 Conclusion
It looks like the trend is leaning toward the downside, but it's best to enter positions only after price breaks out of key support zones.