CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 19.400 to 19.380 and another essential supply zone (low-risk sell zone) spanning from 20.039 to 20.058, respectively, is highlighted.

Things I Have Seen👀:


Important Demand Zone🟢: Identified between 19.400 to 19.380, serving as a low-risk buy.


Important Supply Zone🟢: Identified between 20.039 to 20.058, serving as a low-risk sell.


Bullish Targets📈:

19.500: Possible retracement area.
19.650: Possible retracement area.
19.800: Possible retracement area.
19.950: Possible retracement area.
Ultimate Target: 20.100- Liquidity area.



Bearish Targets📉:

20.000: Possible retracement area.
19.940: Possible retracement area.
19.800: Possible retracement area.
19.720: Possible retracement area.
Ultimate Target: 19.640- Laying Low Liquidity



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.