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 17570 to 17500. Additionally, medium-risk sell zone between 18000-18040, respectively, are highlighted.

Things I Have Seen👀:

Important Demand Zone🟢: Identified between 17570 and 17500, serving as a low-risk buy.

Medium-Risk Sell Zone🟠: Positioned between 18000 and 18040, suggesting another area with moderate risk for potential selling positions.


Bearish Targets📉:

17950: Possible retracement area.
17850: Possible retracement area.
17730: Significant demand zone.
17630: Liquidity area.
Ultimate Target: 17570- 4-hourly demand zone.
Ultimate Target: 17450 - Liquidity area.

Bullish Targets📈:

17750: Possible retracement area.
17930: 2-hourly supply zone.
18050: Liquidity area.


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.