{"id":96678,"date":"2025-11-04T20:20:10","date_gmt":"2025-11-04T13:20:10","guid":{"rendered":"https:\/\/pediafx.com\/en\/momentum-bullish-weakens-nasdaq-set-to-test-support-around-25585\/"},"modified":"2025-11-04T20:20:10","modified_gmt":"2025-11-04T13:20:10","slug":"momentum-bullish-weakens-nasdaq-set-to-test-support-around-25585","status":"publish","type":"post","link":"https:\/\/pediafx.com\/en\/momentum-bullish-weakens-nasdaq-set-to-test-support-around-25585\/","title":{"rendered":"Momentum Bullish Weakens, Nasdaq Set to Test Support Around 25,585"},"content":{"rendered":"<p>While the primary trend of the Nasdaq on the hourly chart continues to exhibit a <em>bullish<\/em> outlook, signs of a correction are becoming increasingly evident as the U.S. session approaches. Following a robust rally, the index is beginning to lose momentum, establishing a minor <em>bearish channel<\/em> which can be observed through a descending diagonal line on the price chart. This pattern indicates short-term selling pressure, where some market participants seem to be initiating profit-taking actions. This situation serves as an early indication that the Nasdaq&#8217;s movement is entering a phase of consolidation or mild correction, against a backdrop of an overall positive trend.<\/p>\n<p>From a technical perspective, the sloping movement of the Moving Average (MA) and the lower highs indicated by the ZigZag indicator reinforce signs of a deceleration in upward momentum. Moreover, the decline of the Commodity Channel Index (CCI) from the <em>overbought<\/em> territory adds to the likelihood of a near-term correction. The combination of these signals suggests that there is a considerable potential for temporary weakening before buyers regain control to continue the main upward trajectory.<\/p>\n<p><\/p>\n<p><img alt='' class='fr-fic fr-dib' src='http:\/\/pediafx.com\/wp-content\/uploads\/2025\/11\/nq.mm15_as_4-11-25.png' style='width: 100%;' title=''\/><\/p>\n<p><\/p>\n<p>Selling pressure has become more pronounced after prices pierced the lower boundary of the Bollinger Bands (BB), indicating that a <em>bearish<\/em> momentum is developing in the U.S. session tonight. The decreasing direction of the MA and the establishment of a <em>bearish trendline<\/em> further solidify the negative bias in the short term. As long as prices cannot break back above the minor resistance area, the Nasdaq is expected to continue its decline and may test the <em>support<\/em> level around 25,585 before a subsequent technical <em>rebound<\/em> opportunity arises.<\/p>\n<p><strong>Technical Reference: <em>buy<\/em> above 25,902<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 1: 25,837<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 2: 25,902<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 1: 25,640<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 2: 25,585<\/strong><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the primary trend of the Nasdaq on the hourly chart continues to exhibit a bullish outlook, signs of a correction are becoming increasingly evident as the U.S. session approaches. Following a robust rally, the index is beginning to lose momentum, establishing a minor bearish channel which can be observed through a descending diagonal line [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":96677,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5178],"class_list":["post-96678","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 v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Momentum Bullish Weakens, Nasdaq Set to Test Support Around 25,585 - 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. Make informed trading decisions with ease!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pediafx.com\/en\/momentum-bullish-weakens-nasdaq-set-to-test-support-around-25585\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Momentum Bullish Weakens, Nasdaq Set to Test Support Around 25,585 - PediaFX - Your Trusted Global Online Broker Review Service - Top-Rated Forex Brokers 2024\" \/>\n<meta property=\"og:description\" content=\"Discover PediaFX: Your trusted platform for honest and unbiased global broker reviews. 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