On the hourly chart, the Nasdaq has successfully maintained its position above the resistance area after breaking through the upper boundary of the bearish channel. This condition reflects a decrease in selling pressure that had previously burdened price movement, signaling a shift in market sentiment towards a more optimistic outlook. As long as the price remains above this breakout area, the possibility for further upward movement stays open, indicating a bullish market trend.
From a technical perspective, the potential rise of the Nasdaq is further reinforced by the upward direction of the Moving Average and the ZigZag indicator forming a structure of increase. Positive signals are also emerging from the MACD, which is positioned in the positive territory, suggesting that buying momentum continues to increase. The combination of these indicators confirms that the Nasdaq has a strong chance to continue its upward trajectory in the near term.
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Meanwhile, on the 15-minute time frame, the Nasdaq exhibits consistent bullish sentiment after breaking through the bearish channel resistance again and beginning to form a new bullish channel pattern. This condition indicates a resurgence of buyer dominance in the short-term movement. As long as the price can stay above the nearest support area and maintain positive momentum, the Nasdaq is likely to continue strengthening and test the resistance area at the 25,835 level.
Technical Reference: buy as long as above 25,520
Potential Take Profit 1: 25,775
Potential Take Profit 2: 25,835
Potential Stop Loss 1: 25,575
Potential Stop Loss 2: 25,520
