{"id":85224,"date":"2025-09-02T20:32:41","date_gmt":"2025-09-02T13:32:41","guid":{"rendered":"https:\/\/pediafx.com\/en\/breakdown-confirmation-indicates-nasdaq-s-potential-support-test\/"},"modified":"2025-09-02T20:32:41","modified_gmt":"2025-09-02T13:32:41","slug":"breakdown-confirmation-indicates-nasdaq-s-potential-support-test","status":"publish","type":"post","link":"https:\/\/pediafx.com\/en\/breakdown-confirmation-indicates-nasdaq-s-potential-support-test\/","title":{"rendered":"Breakdown Confirmation Indicates Nasdaq&#8217;s Potential Support Test"},"content":{"rendered":"<p>The Nasdaq has displayed signs of weakness as prices have dipped below the <em>bullish channel<\/em> on the hourly chart, signaling that bearish sentiment is beginning to dominate market direction. This pressure is increasingly evident from the sharply declining Moving Average (MA) and a ZigZag pattern that is reversing downward, reflecting the fading strength of buyers and allowing sellers greater control. Such conditions indicate a significant trend change, with continuous selling pressure impacting price movements.<\/p>\n<p>The bearish outlook has been further validated by the MACD indicator, which is now situated in negative territory, reinforcing the likelihood of further corrections during tonight&#8217;s US trading session. As long as prices fail to move back above the breakdown point, the downward bias is expected to prevail. In the intraday context, the opportunity to test the next support level remains open, with market attention now focused on the technical levels that will determine the next course of action.<\/p>\n<p><\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"fr-fic fr-dib\" src=\"http:\/\/pediafx.com\/wp-content\/uploads\/2025\/09\/nq.mm15-1.png\" style=\"width: 100%;\" title=\"\"\/><\/p>\n<p><\/p>\n<p>Additionally, the formation of a bearish channel further emphasizes the strength of sellers, bolstered by the declining MA movement. This technical combination increases the likelihood of the Nasdaq continuing its downturn, with a significant support test target around 22,930 being the next focus.<\/p>\n<p><strong>Technical Reference: <em>sell<\/em> below 23,290<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 1: 23,237<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 2: 23,290<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 1: 23,980<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 2: 23,930<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq has displayed signs of weakness as prices have dipped below the bullish channel on the hourly chart, signaling that bearish sentiment is beginning to dominate market direction. This pressure is increasingly evident from the sharply declining Moving Average (MA) and a ZigZag pattern that is reversing downward, reflecting the fading strength of buyers [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":85223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5178],"class_list":["post-85224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trading-analysis","tag-nq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Breakdown Confirmation Indicates Nasdaq&#039;s Potential Support Test - PediaFX - Your Trusted Global Online Broker Review Service - Top-Rated Forex Brokers 2024<\/title>\n<meta name=\"description\" content=\"Discover PediaFX: Your trusted platform for honest and unbiased global broker reviews. 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